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...
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