August 17, 2018 / 10:22 PM / 4 months ago

Vale shareholder Litel issues $639 mln in commercial paper

SAO PAULO, Aug 17 (Reuters) - Holding company Litel Participações SA, which holds the stakes Brazilian pension funds have in miner Vale SA, has issued 2.5 billion reais ($639 million) in commercial paper, the company said in a securities filing on Friday.

Another Vale shareholder, holding company Bradespar SA , issued earlier this week a similar volume in commercial paper to pay for a large court award in a dispute with other Vale shareholders.

$1 = 3.9110 reais Reporting by Tatiana Bautzer Editing by Chris Reese

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