Samarco Mineração, founded in 1977 and headquartered in Brazil, is primarily engaged in the mining and processing of iron ore. The company is a joint venture between Vale S.A. and BHP Group, positioning itself as a significant player in the global iron ore market. Samarco specializes in the production of iron ore pellets used in steel manufacturing, catering to both domestic and international markets.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SAMMIN 9.50% 2031-06-30 USDSamarco Minercao | Brazil | 2031-06-30 | 9.500 | 7.16 |
| SAMMIN 9.50% 2031-06-30 USDSamarco Minercao | Brazil | 2031-06-30 | 9.500 | 7.13 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Samarco Mineração began issuing bonds in the late 1990s to support its expansion plans, with notable issuances occurring in 2014, which financed infrastructure projects aimed at increasing production capacity. Following the 2015 dam disaster, the company restructured its debt, leading to the issuance of new bonds reflecting a higher risk profile. Currently, Samarco’s bonds are yielding competitively against industry benchmarks, offering investors a unique opportunity, particularly as the company aims to restart operations and improve its financial stability. Recent news highlights their plans for sustainable mining practices, which could impact future bond value and investor interest.