Creating and distributing additional copies is prohibited without the permission of the publisher. Contact

Odebrecht Taps Long Bonds for LM

Oct 23, 2012

Brazil’s Odebrecht is set to replace shorter debt with cheaper 30-year money, having reopened its 2042 bonds for $450m. The Baa3/BBB minus sale takes the outstanding size to $850m and will fund a tender offer for 2020 and 2023 bonds. The builder reopened the 7.125% coupon bonds at 116.266 to yield 5.95%, at the...

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


Are populist governments like Venezuela & Argentina turning pragmatic?


“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management