Drillship Lances New Debt

Oct 15, 2010

Brazil’s Schahin Engenharia has raised $270m in bonds to refinance debt on a drillship, securing a 5.85% yield. The BBB/Baa3 2016 through the Lancer Finance Company SPV priced at par, in line with a 5.5%-6.0% yield range it was heard looking for. The book was north of $400m, according to...

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