Camargo Correa Pair Reaches Majority in Tenders

Camargo Correa Pair Reaches Majority in Tenders

Argentina Brazil Bonds

Caue Finance and Loma Negra have reached 69.6% and 54.6% respective acceptance in tender offers for outstanding USD bonds. Holders of $104.5m in Caue’s 8.875% 2015 bonds and $54.6m of Loma Negra’s 7.25% of 2013 bonds had been accepted as of the July 19 early acceptance date. The companies are indirect subsidiaries of Brazilian conglomerate Camargo Correa. For each $1,000 in principal holders of the 2015s and 2013s got $1,750 and $1,070, which include a tender premium of $165m and $60 r

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