Camargo Subs Close Tender

Camargo Subs Close Tender

Brazil Bonds Corporate & Sovereign Strategy

Holders of 70.9% of Caue Finance’s 2015 bonds and 55.2% of Loma Negra’s 2013 notes have accepted tender offers that expired Monday. Each also received holder approval to eliminate restrictive covenants.” Holders of $106.3m in Caue’s 8.875% 2015 bonds and $55.2m of Loma Negra’s 7.25% of 2013 bonds had accepted the offers as of the July 26 expiration. 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

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