Vale SA and Petr�leo Brasileiro SA, two of Brazil's three largest companies, are considering selling bonds in international debt markets before the end of this year or in early 2014, a source with direct knowledge of the companies' plans, said on Tuesday. Vale is considering the sale of 10-year, U.S. dollar-denominated global bonds, said the source, who declined to be identified because the plans are private. The most likely timetable for a sale could be early January, when usually a window of opportunity opens for sales of high-grade, emerging market debt, the source added.
Vale SA (Vale) is a Brazil-based metals and mining company. Shares of VALE fell by 1.5% or $-0.24/share to $15.73. In the past year, the shares have traded as low as $12.39 and as high as $21.88. On average, 18231700 shares of VALE exchange hands on a given day and today's volume is recorded at 12731606.
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