OSX Preps $3bn in Project Financing

OSX Preps $3bn in Project Financing

Brazil Bonds Loans Project & Infrastructure Finance

Brazil’s OSX is preparing some $3bn-plus in financing for 5 FPSO and wellhead platform projects, says Roberto Monteiro, the company’s CFO. The borrower has typically resorted to the loan market, but could look to local development bank BNDES, as well as to bridge or bond financing. Last year, it raised $420m through an 8.5-year loan in October 2010 at Libor+425bp to finance the OSX-1 FPSO. It also just recently closed an $850m 12-year loan which was used to finance the construction of

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial