Mattos Filho assists underwriters in the restricted offering of Vale debentures to the BNDES
Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados has advised the underwriters on the structuring of the restricted offering of Vale debentures to BNDES, which raised R$11.5 billion
Mattos Filho advised Banco Bradesco BBI S.A. (lead underwriter), Banco Citibank S.A., Banco Itaú BBA S.A. and Banco JP Morgan S.A. in the structuring of the Restricted Debentures Offering (ICVM 476) issued by Vale S.A. and offered exclusively in the secondary market by the Federal Government, Banco Nacional de Desenvolvimento Econômico e Social (BNDES and BNDES Participações S.A.).
BNDES raised about R$11.5 billion from the sale of Vale’s perpetual debentures, which are securities issued by the mining company when it was privatized in 1997 and owned by the bank and the federal government.
The offer will consist of the public distribution of, initially, 142 million debentures, of which 93.9 million will be held by the Federal Government, 37.5 million by BNDES and 10.6 million by BNDESPar, to be carried out in Brazil, with restricted placement efforts, under the terms of CVM Instruction 476.
Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados had partner Bruno Mastriani Simões Tuca (pictured) and associates Raphael Silva Saraiva and Lilian Porto Reis.
