Vale S.A., founded in 1942 and headquartered in Rio de Janeiro, Brazil, is one of the world's largest producers of iron ore and nickel, aiming to sustainably produce essential raw materials for the global economy. The company also engages in the production of copper, coal, and various other minerals, contributing significantly to the mining sector.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| VALEBZ 5.63% 2042-09-11 USDVale S.A. | Brazil | 2042-09-11 | 5.625 | 5.54 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Vale began issuing bonds in the late 1990s, with notable issuances including a $1 billion bond in 2017 aimed at refinancing existing debt. As of late 2023, the company's bond yields have remained competitive within the mining industry, particularly following its recent upgrade to investment grade by several credit rating agencies. Investors should note the company's focus on green financing, with recent bonds linked to sustainable projects, which reflects its commitment to transitioning towards environmentally responsible operations.