World’s Largest Iron Ore Miner in $1 Billion Bond Offering

November 10, 2009

Cleary Gottlieb represented Vale S.A., the world’s largest iron ore miner, in its $1 billion bond offering of 6.875% Guaranteed Notes due 2039, which reopened the 30-year market for Latin American issuers for the first time since the financial crisis. The deal closed on November 10. The offering was SEC-registered, using an automatic shelf registration statement filed the morning the deal was launched.