Vale plans to offer 30-year notes

Printer-friendly versionPDF version

Rio de Janeiro, November 3, 2009 – Vale S.A. (Vale) hereby announces that it plans to offer 30-year notes in the global capital markets through its wholly-owned subsidiary Vale Overseas Limited (Vale Overseas). Vale will use the net proceeds of this offering for general corporate purposes.

The notes will be unsecured obligations of Vale Overseas and will be fully and unconditionally guaranteed by Vale. The guaranty will rank equally in right of payment with all of Vale’s other unsecured and unsubordinated debt obligations. 

Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities Inc. are acting as book-running underwriters.

The offering is being made pursuant to an effective shelf registration statement. A preliminary prospectus supplement with further information about the proposed offering will be filed with the U.S. Securities Exchange Commission (SEC). Before you invest, you should read the preliminary prospectus supplement and other documents Vale and Vale Overseas have filed with the SEC for more complete information about the companies and the offering. When available, you may get these documents for free by visiting EDGAR on the SEC Web site atwww.sec.gov. Alternatively, Deutsche Bank, HSBC and J.P. Morgan will arrange to send you the prospectus upon request by calling toll-free 1-866-811-8049  (in the United States), or by calling collect 212-525-4102 (outside the United States).

News Source : Vale plans to offer 30-year notes