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DBRS: Vale notes at BBB
DBRS said it has finalized the BBB (high) rating, with a stable trend, assigned to the €750 million of 3.75% senior unsecured notes due Jan. 10, 2023 to be issued by Vale SA following the pricing of the notes.
The offering of the notes is expected to close on July 10.
Vale is expected to use the net proceeds from the sale for general corporate purposes, the agency said.
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