Issuer:
|
Vale Overseas Limited | |
Guarantor:
|
Vale S.A. | |
Title of securities:
|
5 5/8% Guaranteed Notes Due 2019 (the “Securities”) | |
Aggregate Principal Amount: |
US$1,000,000,000 | |
Price to Public:
|
99.232% of principal amount, plus accrued interest, if any, from September 15, 2009 | |
Gross Proceeds:
|
US$992,320,000 | |
Annual Interest Rate:
|
5 5/8% per year | |
Maturity:
|
September 15, 2019 | |
Interest Payment Dates:
|
payable semi-annually on March 15 and September 15, commencing on March 15, 2010 | |
Yield to Maturity:
|
5.727% | |
Benchmark:
|
UST 3 5/8% due August 15, 2019 | |
Benchmark Yield:
|
101-07+, 3.477% | |
Spread to Treasury:
|
UST + 225 bps | |
Pricing Date:
|
September 8, 2009 | |
Settlement Date:
|
September 15, 2009 | |
Ratings*:
|
Baa2 / BBB+ / BBB / BBB(high) (Moody’s / Standard & Poor’s / Fitch / DBRS) | |
Minimum Denominations:
|
US$2,000/US$1,000 | |
Make-Whole Call Spread
|
UST + 30 bps | |
Joint book-running managers: |
Goldman, Sachs & Co. HSBC Securities (USA) Inc. Santander Investment Securities Inc. |
|
Format:
|
SEC-Registered | |
Underwriters’ Discount:
|
0.30% | |
CUSIP:
|
91911TAJ2 | |
ISIN:
|
KY91911TAJ24 | |
Listing:
|
Issuer will apply to list the Securities on the New York Stock Exchange. |
| * | A securities rating is not a recommendation to buy, sell or hold securities and may be subject
to revision or withdrawal at any time |