CNO Eyes LM, Though Top Conditions May be Peaking: CFO

May 30, 2013

Construtora Norberto Odebrecht (CNO) is looking at opportunities for liability management exercises to lower funding costs and extend tenors this year, but its CFO says the days of cheap debt may be ending. CNO plans to keep its gross debt at 2.5x Ebitda, which means the company is unlikely to issue fresh debt...

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

Jan Dehn, Ashmore Investment Management