RE:Magic Mike Tooo gooood!wow - and if true = Vale saves 30% +? on operating costs after swapping out carbon burners for plasma and after 9+ years that might actually pay a good chunk of the notes? I wish i knew how to forcast this to see what the numbers actually might be :)
The notes will bear a coupon of 3.750% per year, payable semi-annually, and were sold at a price of 99.176% of the principal amount. These notes will mature on July 8, 2030 and were priced with a spread of 317.1 basis points over U.S. Treasuries, resulting in a yield to maturity of 3.850%.