Vale Mulls Raising Over $500 Million in Debut Panda Bond Sale
Brazilian mining company Vale SA is considering raising approximately $522 million through its first Panda bond issuance in China to diversify its funding sources.
Brazilian iron ore giant Vale SA is considering to raise as much as 3.5 billion yuan ($522 million) in its debut issuance in China’s bond market, according to people familiar with the matter, joining a growing number of issuers diversifying funding sources and looking for cheaper options.
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