Brazilian Infrastructure Player's Books Swell

Brazilian Infrastructure Player's Books Swell

Brazil Bonds

Brazil's OAS is expected to price today a 2019 NC4 bond, according to sources following the process, giving 8.5%-area yield guidance Thursday. The first-time B rated issuer gathered more than $4bn in orders by Thursday afternoon fro what should be a $300m-$500m transaction, and the bond was heard up about 0.75 points in the grey market. The price talk is in from earlier mid to high 8% levels. Fitch notes increased consolidated leverage, combined with operating margins lower than the industry ave

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