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Vale 3.750% 07/30 (USD)
Vale Overseas Ltd
Vale S.A. produces and sells iron ore, pellets, manganese, alloys, gold, nickel, copper, kaolin, bauxite, alumina, aluminum, and potash. The Company is based in Brazil, where it owns and operates railroads and maritime terminals.
to trade this BondbloX
Bondblox Price Information
Last Price
-
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXUS91911TAQ67
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
0.833
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Underlying Bond Information
Bond Issuer
Vale Overseas Ltd
ISIN
US91911TAQ67
Bond Currency
USD
Country of Risk
BRA
Guarantor
Vale S.A.
Coupon
3.750%
Coupon Type
Fixed-Fixed (For Life)
Industry Type
Iron and Steel
Minimum Denomination
2,000
Minimum Increment
1,000
Amount Issued
1,500,000,000
Amount Outstanding
1,500,000,000
Issue Date
Jul 8, 2020
Maturity Date
07/30
Perpetual
N
Redemption Value
100.000
Bond Rating
Moody's:Baa3,S&P:BBB-,Fitch:BBB
Registration Type
Registered Offering
Seniority
Unsecured
Callable
Y
Next Call Date
Apr 8, 2030
Next Call Price
100.000
Reference Rate
-
Spread
-
Refix Frequency (years)
-
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Jan 8, 2024
Day Count Basis
ISMA-30/360
Record Date Rule
1 ICSD Business Day prior to the relevant Interest Payment Date
Underlying Bond Features
Optional Redemption:
  • Prior to the par call date set forth below, Vale Overseas may, at its option, redeem the notes, in whole at any time or in part from time to time, at a redemption price equal to the greater of (i) 100% of the principal amount of the notes to be redeemed and (ii) a "make-whole" amount described under "Description of the Notes—Optional Redemption" in this prospectus supplement plus, in either case, accrued and unpaid interest on such notes to the date of redemption. On or after the par call date, Vale Overseas may, at its option, redeem the outstanding notes, in whole at any time or in part from time to time, at par plus accrued and unpaid interest thereon to the redemption date.
     
  • The par call date is April 8, 2030 (the date that is three months prior to the stated maturity of the notes).
Covenants:

The amended and restated indenture governing the notes contains restrictive covenants that, among other things and subject to certain exceptions, limit Vale Overseas' ability to merge or transfer substantially all of its assets and Vale's ability to merge or transfer substantially all of its mining properties or assets and to incur liens. For a more complete description of Vale and Vale Overseas' covenants, see "Description of the Notes—Covenants" in this prospectus supplement and "Description of the Debt Securities—Certain Covenants" in the accompanying prospectus.

Related Documents
Final Terms
This document constitutes the Final Terms relating to the issue of BondbloX BEXUS91911TAQ67.
Download
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.
 
Vale 3.750% 07/30 (USD)
to trade this BondbloX
Vale Overseas Ltd
Vale S.A. produces and sells iron ore, pellets, manganese, alloys, gold, nickel, copper, kaolin, bauxite, alumina, aluminum, and potash. The Company is based in Brazil, where it owns and operates railroads and maritime terminals.
Bondblox Price Information
Last Price
-
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXUS91911TAQ67
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
0.833
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Settlement Cycle
Instant (Fractional)
Underlying Bond Information
Bond Issuer
Vale Overseas Ltd
ISIN
US91911TAQ67
Bond Currency
USD
Country of Risk
BRA
Guarantor
Vale S.A.
Coupon
3.750%
Coupon Type
Fixed-Fixed (For Life)
Industry Type
Iron and Steel
Minimum Denomination
2,000
Minimum Increment
1,000
Amount Issued
1,500,000,000
Amount Outstanding
1,500,000,000
Issue Date
Jul 8, 2020
Maturity Date
07/30
Perpetual
N
Redemption Value
100.000
Bond Rating
Moody's:Baa3
S&P:BBB-
Fitch:BBB
Registration Type
Registered Offering
Seniority
Unsecured
Callable
Y
Next Call Date
Apr 8, 2030
Next Call Price
100.000
Reference Rate
-
Spread
-
Refix Frequency (years)
-
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Jan 8, 2024
Day Count Basis
ISMA-30/360
Record Date Rule
1 ICSD Business Day prior to the relevant Interest Payment Date
Underlying Bond Features
Optional Redemption:
  • Prior to the par call date set forth below, Vale Overseas may, at its option, redeem the notes, in whole at any time or in part from time to time, at a redemption price equal to the greater of (i) 100% of the principal amount of the notes to be redeemed and (ii) a "make-whole" amount described under "Description of the Notes—Optional Redemption" in this prospectus supplement plus, in either case, accrued and unpaid interest on such notes to the date of redemption. On or after the par call date, Vale Overseas may, at its option, redeem the outstanding notes, in whole at any time or in part from time to time, at par plus accrued and unpaid interest thereon to the redemption date.
     
  • The par call date is April 8, 2030 (the date that is three months prior to the stated maturity of the notes).
Covenants:

The amended and restated indenture governing the notes contains restrictive covenants that, among other things and subject to certain exceptions, limit Vale Overseas' ability to merge or transfer substantially all of its assets and Vale's ability to merge or transfer substantially all of its mining properties or assets and to incur liens. For a more complete description of Vale and Vale Overseas' covenants, see "Description of the Notes—Covenants" in this prospectus supplement and "Description of the Debt Securities—Certain Covenants" in the accompanying prospectus.

Related Documents
Final Terms
Download
This document constitutes the Final Terms relating to the issue of BondbloX BEXUS91911TAQ67.
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.

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