Vale, Petrobras may sell debt by year-end, early 2014 -source


NEW YORK, Nov 19 (Reuters) - Vale SA and Petróleo BrasileiroSA, two of Brazil's three largest companies, are consideringselling bonds in international debt markets before the end ofthis year or in early 2014, a source with direct knowledge ofthe companies' plans, said on Tuesday.

Vale is considering the sale of 10-year, U.S.dollar-denominated global bonds, said the source, who declinedto be identified because the plans are private. The most likelytimetable for a sale could be early January, when usually awindow of opportunity opens for sales of high-grade, emergingmarket debt, the source added.

In the case of Petrobras a potential bond offering couldcome either in dollars, euros or British pounds, the sourceadded. The company is gauging pursuing an offering before theyear ends, if market conditions allow, or pushing it backwardsuntil the next window of opportunity opens in early 2014, thesource said.

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