October 28, 2013
Following a successful string of international bond sales, Brazil’s Constru
Following a successful string of international bond sales, Brazil’s Construtora OAS is now turning to the loan market, preparing a $150m revolver, according to people following the process. A bank meeting is planned for Wednesday to discuss the trade-related facility. BNP Paribas is heard leading the deal. Earlier this month, the engineering and heavy construction firm retapped its 8.250% 2019 bonds to raise $375m, at an 8.412% yield. The borrower has a credit rating of B1/BB minus/B+.