Builder Sets Yield Target

Builder Sets Yield Target

Brazil Bonds

Brazil’s Construtora Andrade Gutierrez is out with low-to-mid 4% price talk for a new $500m bond ahead of pricing as soon as today, according to people familiar with the sale. A 5-year bond is expected, after the issuer considered both a 5-year and 10-yearmaturity. Peers Odebrecht and OAS are to serve as pricing reference points. The Ba1 deal would be its first cross-border transaction and follows fixed-income investor meetings in LatAm, the US and London. Proceeds will be used to pay debt matur

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