Brazil Capital Markets

Vale Raises $1.25bn in 2022 Bond Sale

Brazil Capital Markets — Thu, 29 Mar 2012 16:25:38 +0000

Vale sold $1.25 billion of bonds due 2022 at 4.375%.

The issuance was made by Vale Overseas Limited.

On January 11, 2012 Vale issued $1 billion due 2022.

Natura Approves $220mn Issuance Backed by Promissory Notes

Brazil Capital Markets — Wed, 28 Mar 2012 19:16:44 +0000

The board of directors of Natura approved a R$400 million ($220 million) issuance backed by promissory notes.

The debt will be due in 180 days and will pay 103.75 percent of the DI rate.

Abu Dhabi Wealth Fund Buys $2bn Stake in EBX

Brazil Capital Markets — Tue, 27 Mar 2012 17:16:26 +0000

Abu Dhabi’s Mubadala Development fund bought a $2 billion stake in EBX, controlled by Brazilian billionaire Eike Batista.

The fund will buy 5.63 percent of Centennial Asset Brazil Equity Fund LLC and other companies owned by the Brazilian billionaire.

Klabin to Build $3.7bn Paper Making Plant

Brazil Capital Markets — Tue, 27 Mar 2012 15:13:57 +0000

Klabin Papel e Celulose will build a R$6.8 billion ($3.7 billion) paper making plant in southern Brazil.

The plant is slated to go online in 2014.

Roberto Fernandes is New CVM Director

Brazil Capital Markets — Tue, 27 Mar 2012 15:13:53 +0000

Comissão de Valores Mobiliários, the equivalent to the Securities and Exchange Commission in the United States, informed that Roberto Tadeu Antunes Fernandes will be a director at the institution.

Fernandes will hold the position until December 31, 2016. He replaces Eli Loria.

Banco do Brasil and Noble Group to Fund Sugar Production

Brazil Capital Markets — Tue, 27 Mar 2012 15:13:52 +0000

Banco do Brasil and Noble Group signed a R$73 million ($40 million) agreement in rural credit and sugarcane financing.

Brazil’s General Shopping Sells $150mn of Bonds

Brazil Capital Markets — Fri, 23 Mar 2012 14:43:22 +0000

General Shopping Brasil, through its Cayman Islands subsidiary General Shopping Investments, sold $150 million in perpetual bonds.

General Shopping Brasil and its subsidiaries are insuring the bonds.

The proceeds will help expand the company’s shopping malls and develop new projects.

JBS to Expand Plants with up to $550mn in 2012

Brazil Capital Markets — Fri, 23 Mar 2012 14:43:21 +0000

JBS, the Brazilian meatpacking giant, should invest in 2012 as much as R$1 billion ($550mn).

The company seeks organic growth, expanding the company’s plants.

BNDES Boosts Small-Firm Funding by $1.1bn

Brazil Capital Markets — Thu, 22 Mar 2012 14:57:49 +0000

BNDES, the Brazilian development bank, was given an additional R$2 billion ($1.1 billion) to fund very small to medium-sized Brazilian companies.

The bank’s funding for this purpose rose to R$14 billion from R$12 billion.

The resources came from the National Monetary Council of the Brazilian Finance Ministry.

Copersucar to Build $82mn Ethanol Terminal

Brazil Capital Markets — Thu, 22 Mar 2012 14:57:17 +0000

Copersucar, a producer of sugar and ethanol, will invest R$150 million ($82 million) to build an ethanol terminal in the state of São Paulo.