Vicunha Siderúrgica Brasil Launches Perpetual Bonds

Brazilian holding company Vicunha Siderúrgica Brasil has launched perpetual bonds in the international markets with an initial target of $475 million, which may rise to $500 million depending on investor demand. The yield on the bonds is not known. The bonds, which offer no definite due date, cannot be redeemed for at least five years. The issue was arranged by CSFB and Deutsche Bank.