OSX New Bond Status Uncertain

OSX New Bond Status Uncertain

Brazil Bonds

Pricing of a planned $265m 15-month bond from Brazil’s OSX remains uncertain after the Brazilian shipbuilder wrapped up its global roadshow last week. Bankers on the deal declined to comment on the timing. The Eike Batista-controlled shipbuilder is seeking funds to finance its OSX-3 FPSO vessel, and have been targeting 10%-11% yield. The receptivity of investors remained in question as negative headlines continued to surround the EBX companies. The 9.25% 2015 OSX bonds used as a pricing referenc

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