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Vale accepts US$968M in 2021 notes for repurchase

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Vale accepts US$968M in 2021 notes for repurchase

Vale SA said March 21 that it accepted for repurchase about US$968.3 million of its outstanding 5.875% guaranteed notes due 2021, which had a total of US$1.25 billion outstanding.

The company will pay US$1,086 per US$1,000 principal amount of the notes plus accrued interest, with settlement expected March 22.