May 31, 2013
Following April’s $750 million bond issue to replace existing debt, Brazilian builder Construtora Norberto Odebrecht plans to continue seeking liability management opportunities. However, the attractive rate environment that has brought so many issuers to market may be coming to an end, its CFO says.
“Whenever we have an opportunity to issue less expensive debt and longer debt we aim to maybe access the market again,” Jayme Fonseca told LatinFinance. “You never know, yields are going so l
As Odebrecht looks at the market to continue managing liabilities, the top borrowing conditions may not be around much longer, CFO Jayme Fonseca says.