HIGH-YIELD BOND - Setting New Precedents

Jan 19, 2012

OGX’s $2.6bn 8.5% 2017

Bankers either loved or hated OGX Bankers either loved or hated OGX Petróleo e Gás Participações’s $2.563 billion bond, the debut of the Eike Batista family of companies in the international bond markets.

Some viewed it as a landmark financing for an issuer that had yet to generate any cash flows. Others saw it as a brash new credit going into the bond markets too aggressively and having to retract its demands after serious investor pushback. Either way, it is not a transaction to be ignored.

The $2.563 billion...

To continue reading please take a free trial, subscribe or login below.

Already have an account?


Subscribe now for unlimited access to all current and archive news, data and market analysis. 


Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

LatinFinance Events


Will a strong dollar deter investors from LatAm bonds?