Odebrecht Closes Tender

Odebrecht Closes Tender

Brazil Bonds

Odebrect plans to repurchase $379m of its 7.0% 2020 bonds and $71m of its 6.0% 2023 bonds, it says, following the close of a tender. Holders representing $428m of the 2023s accepted the offer, but the total buyback between the two series had been capped at $450m. The Brazilian builder is paying $1,172.50 per $1,000.00 principal of the 2020 bonds, and $1,190.00 per $1,000.00 principal of the 2023 prior to an early deadline, and $1,160.00 after. There was $800m outstanding in the 2020s and $500m o

Already have an account?

Free trial

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

Free Trial