CVRD refinances bridge loan used for Inco buy

Dec 22, 2006 | 04:43 PM | Diana Kinch

Brazil's Cia. Vale do Rio Doce (CVRD) has refinanced 84 percent of the $14.6-billion bridge loan that it used for the purchase of Canadian nickel producer Inco Ltd.

The loan, with an original payback period of two years, has been refinanced using two long-term bond issues and an advanced-payment export operation that together total around $12.3 billion, the company said Friday.....

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