In early 2010, major global iron ore producer Vale have to choose which of the three currencies in which to issue new bonds. Although in general a good time for companies to issue debt, market conditions varied from country to country and currency. Students should expect to hedge the value of each currency and the need to learn the conditions that lead to differences in these costs. "Hide
by Marc Lipson, Waheed Gholampour Source: Darden School of Business 12 pages. Publication Date: July 11, 2011. Prod. #: UV5630-PDF-ENG
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