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Vallimarescu: stresses the institutional bid |
On July 7, the day of the London terrorist attacks, only one company was brave enough to try to price a bond issue after the bombs went off. But the decision by Brazil’s Companhia Siderurgica Nacional to go ahead with its perpetual bond turned out to be sound. After amassing $2.3 billion in orders, the bond was upsized to $500 million from $150 million (it was later re-opened for a further $250 million).
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