The morning of Tuesday (25) was busy for the Vale (Vale3). The mining company not only went abroad to launch a billionaire catchment, but also announced the new nominees to the Board of Directors.
On the fundraiser, Vale preceded at US $ 750 million (equivalent to R $ 4.3 billion in the current exchange rate) the additional offer of debt securities issued abroad (bonds) of the subsidiary is worth it.
Debt securities are due on June 28, 2054 and were issued with a spread of 173 base points on Treasury, the United States Treasury titles. This will result in a yield of 6.408% to maturity (yield to maturity).
The papers were offered as an additional emission to the issuance of 6,400% Guaranteed Notes with maturity in 2054, guaranteed by Vale, at a price of 99.884%.
According to a statement sent to the Securities Commission (CVM), the bonds They will be consolidated and fully fungible with the emission made by Vale Overseas in June 2024, in the main aggregate amount of $ 1 billion.
With this, the main added value of the total bonds It becomes US $ 1.75 billion (R $ 10 billion).
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Vale intends to use a part of the resources you get up with the offer to finance the repurchase price of certain bonds issued by the subsidiary and for general corporate purposes.
Beyond the offer of bondsVale (Vale3) also announced who are the new nominees to the Board of Directors for the term of 2025 to 2027.
Vale also approved the nomination of Daniel André Stieler as chairman of the board (chairman) and Marcelo Gasparino da Silva to the position of vice president of the Vale Council.
See who the nominees are:
- Daniel André Stieler: Current President and Member of the Board of Directors of Vale
- Fernando Jorge Buso Gomes: CEO and Director of Investor Relations (DRI) of Bradespar
- João Luiz Fukunaga: President by Previ
- Shunji everything: Member of the Board of Directors of Vale, besides and integrate the capital allocation committee and projects and people and remuneration of the mining company
- Heloísa Belotti Bedicks: Member of the Board of Directors of the Mapfre Group
- Marcelo Gasparino da Silva: Member of the Board of Directors of Banco do Brasil and Eletrobras
- Manuel Lino Silva de Sousa Oliveira: Independent member of the Board of Directors of Vale and coordinator of the Mining Audit and Risk Committee
- Rachel de Oliveira Maia: Member of the Board of Directors of Group Pão de Açúcar
- Reinaldo Duarte Castanheira Filho: Independent member of Vale’s Board of Directors, as well as a member of the capital and project allocation committee and audit and risks of the mining company
- Anelise Quintão Lara: Member of the Board of Directors of Totalenergies and Trident Energy and member of the Ultra Group Advisory Board
- Franklin Lee Feder: Member of the Board of Directors of the Prumo, CBA and AES Brasil
- Wilfred Theodoor Bruijn: Former CEO of Anglo American Brazil
Executives were suggested by the mining company’s indication and governance committee and shall be submitted to the election at the Ordinary General Assembly (Aug), which should take place on April 30, 2025.
