New bond issue: Votorantim Cimentos sells USD 750m in 2041 bonds with 7.250% coupon
Votorantim Cimentos (Brazil) on March 31, 2011 placed USD 750m in bonds with a 7.250% coupon, maturing in 2041. The bond was priced at 99.395% to yield 7.30%. BofA Merrill Lynch, Itau, JP Morgan arranged the deal.
Issuer, issue number: Votorantim Cimentos, 2041
Type of debt instrument: Eurobonds
Issue status: outstanding
Par, currency of issue: USD, 100000
Amount: 750 000 000
End of placement: Mar 31 2011
Issue price: 99.395
Yield at Pricing: 7.3%
Coupon: 7.250%
Coupon frequency: 2 time(s) per year
Settlement Date: Apr 05 2011
Maturity date: Apr 05 2041
Issue Managers: BofA Merrill Lynch, Itau, JP Morgan
Issuer profile:
Founded in 1936, Votorantim Cimentos is one of the world’s top ten manufacturers of cement, concrete and aggregates. In Brazil it is the market leader, with 40 production units located in almost every Brazilian state, as well as 70 distribution centers and 90 central concrete plants throughout the country. It sells more than 40 products, including such leading brands as Votoran, Itaú, Poty, Tocantins, Aratu, Votomassa, and Engemix. Outside Brazil it operates five factories and more than 120 concrete and aggregate units in North America. It also operates a factory in Bolivia and holds an equity stake in an industry leader in Chile. The company has globally 11,000 employees and is considered one of the 150 Best Places to Work in Brazil, according to Guia Você S.A./Exame. It belongs to the Votorantim Group, one of the largest business conglomerates in Latin America, with industry-leading operations in manufacturing, financial services and new ventures.
Outstanding issues:
1 issue(s) outstanding worth USD 750 000 000