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6 months ago
Brazil's Vale to redeem next month $792 mln in bonds maturing in March 2018
February 22, 2017 / 10:10 PM / 6 months ago

Brazil's Vale to redeem next month $792 mln in bonds maturing in March 2018

SAO PAULO, Feb 22 (Reuters) - Vale SA, the world's largest iron ore producer, will redeem next month 750 million euros ($792 million) of bonds that mature in March 2018.

The company said in a securities filing on Wednesday the bonds will be redeemed on March 27. The early repayment is consistent with the company's debt reduction strategy, the filing added.

Reporting by Ana Mano; Editing by Chris Reese

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