Brazil's Gerdau to sell $100 million eight-year amortizing bonds via JP Morgan

By Paul A. Harris

St. Louis, May 24 - Gerdau SA is preparing to sell $100 million of eight-year export-backed amortizing bonds, according to market sources.

JP Morgan will run the books for the Regulation D private placement.

The bonds will have a five-year average life.

Based in Sao Paulo, Gerdau is Brazil's biggest steel producer, with operations in Brazil, the United States, Canada, Argentina, Chile and Uruguay.

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