Darden University of Virginia (USA)
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Vale SA
Lipson, Marc L.; Gholampour, VahidCase DARDEN-F-1633-EFinanceAt the start of 2010, major global iron ore producer Vale must choose one of three currencies in which to issue new bonds. While generally a good time for firms to issue debt, market conditions varied across countries and currencies. Students must calculate a hedged cost of funds for each currency and explore the conditions that give rise to differences in those costs. This case is used in Darden's first year course Financial Management and Polic...Starting at €8.20