By Sarah Lizee
Olympia, Wash., Nov. 15 – Gerdau SA subsidiary Gusap III LP priced $500 million of 4½% bonds due 2030 (BBB-/BBB-) at 98.973, according to a notice.
The bonds are guaranteed by Gerdau and its subsidiaries, Gerdau Aconimas SA and Gerdau Acos Longos SA.
Proceeds from the Rule 144A and Regulation S deal will be used for general corporate purposes.
Gerdau is a steel producer based in Porto Alegre, Brazil.
Issuer: | Gusap III LP
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Guarantors: | Gerdau SA, Gerdau Aconimas SA and Gerdau Acos Longos SA
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Issue: | Bonds
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Amount: | $500 million
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Maturity: | 2030
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Coupon: | 4½%
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Price: | 98.973
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Announcement date: | Nov. 14
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Ratings: | S&P: BBB-
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| Fitch: BBB-
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Distribution: | Rule 144A and Regulation S
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