Best borrowers 2007: Best corporate borrower – Latin America: Companhia Vale do Rio Doce

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Best borrowers 2007: Best corporate borrower – Latin America: Companhia Vale do Rio Doce

CVRD mines rich loan seam, following through with record-breaking bond issues.


When Brazilian mining company Companhia Vale do Rio Doce (CVRD) offered to buy Canadian rival Inco for $18 billion in August 2006, CFO Fabio Barbosa and CEO Roger Agnelli weren’t worried about raising the money – to all intents and purposes it was already in the bank, thanks to the largest emerging market syndicated loan of all time.


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