Odebrecht Builds Demand in Drillship Bond Return

Jul 26, 2013

Odebrecht has restarted the sale of a 2022 drillship securitization, and had built up more than $2bn demand Thursday for the $1.7bn transaction expected to price as soon as today, according to people familiar with the process. Initial price thoughts are in the high-6% range, and while timing was disclosed late Thursday morning as “ASAP,” bookrunners...

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

Jan Dehn, Ashmore Investment Management