Wednesday, April 7, 2010 as of 11:14 AM ET
The Global Competitiveness Report (GCR) is a yearly report published by the World Economic Forum. The first report was released in 1979. The 2011–2012 report covers 142 major and emerging economies.
Read More at Wikipedia ›DOW JONES NEWSWIRESRIO DE JANEIRO -(Dow Jones)- Brazilian mining company Vale SA (VALE, VALE5.
BR) said Wednesday it is planning to reopen an international bond issue that matures in 2022.The issue will be a continuation of the $1 billion bond issue Vale made in January, the company said in a statement.The new notes will bear a coupon of 4.375%, guaranteed by Vale, the same as in the January issue, the company said.The new notes will be issued by Vale's wholly owned subsidiary Vale Overseas Ltd.; proceeds will be used for general corporate purposes, Vale said.Barclays Capital Inc., Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are acting as joint lead managers and bookrunners in the new notes issue, Vale said.Credit-rating company Standard & Poor's said Wednesday that its current A-minus rating on Vale's senior unsecured guaranteed notes due 2022 from the company's previous issue won't be affected by the reopening of the bond offering. The notes rank equal to other Val...
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