Lupatech Seeks to Delay Interest Payment

Lupatech Seeks to Delay Interest Payment

Brazil Bonds Corporate & Sovereign Strategy

Brazil’s Lupatech is seeking to postpone interest payments on BRL320m ($175m) of domestic bonds held by BNDES, it says, after profit fell and it lost contracts. The troubled oil services company plans to ask bondholders to delay for 120 days a paymen

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