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CVRD jumps on Petrobras bandwagon

Following in the footsteps of the recent $300 million Petrobras transaction, Brazil-based Comphania Vale do Rio Doce (CVRD), the largest global producer and exporter of iron ore in the steel industry, is in the market with a $300 million transaction that features similar letter-of-credit political risk coverage.

JPMorgan will...

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