Embraer conclusion of the offering of a series of notes
02-Oct-2009 Embraer concluded, yesterday, 01-Oct-2009, the offering of a series of notes (the Notes) with the Securities and Exchange Commission (SEC), in the United States, as announced in a communiqué released last 24-Sep.
The offering was coordinated by Deutsche Bank and Morgan Stanley and more than 200 investors participated, totaling a demand five times greater than the amount available. The operation fully achieved Embraer's objectives. The Company took in US$ 500 million at an annual interest rate of 6.375%, maturing on 15-Jan-2020.
The issue price was US$ 99.081, resulting in a return of 6.5% for investors (yield). The interest on the Notes will be paid on April 8 and October 8, every year, starting in 2010. The net proceeds of this offering will be used for general corporate purposes, which could include the payment of short-term indebtedness.