Odebrecht Raises $1bn
Jun 22, 2012
Brazil’s Odebrecht emerged with its largest-ever and longest-dated debt issuance, raising $1bn in new 10 and 30-year bonds. The deal saw an initial demand of $6bn, with books settling at the end of the day to around $4.5bn between both tranches, including $1.5bn for the 30-year. Initially announcing a benchmark 2022 at 5.40% whispers, the issuer later emerged with 5.25%-5.375% guidance before...
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