Schahin Sets Targets

Schahin Sets Targets

Brazil Bonds

Schahin Oil and Gas is out with high 6%-7% initial price thoughts for what is expected to be a dollar benchmark 7NC4 bond pricing as soon as today, according to people following the deal. It had about $900m in demand late Thursday, according to investors. In its first senior holdco sale, the Brazilian oil services provider is targeting a $685m size, according to Fitch, which assigns a BB minus rating. The new bond will benefit from a 12 month interest reserve account to be funded by cash or a cr

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