NEW YORK, Mar. 18, 2010 - Brazil's Magnesita Refratarios SA is looking to sell a 10-year benchmark-size dollar bond as early as late next week, according to a person familiar with the deal.
The producer of refractory materials used in the steel industry has hired JPMorgan, BB Securities, Bradesco BBI and Itau to organize a roadshow that began in London Thursday and will end Wednesday in the U.S. The deal is expected to price after the meetings with investors.
The bonds are rated BB - by Standard & Poor's and B1 by Moody's.
