Odebrecht Postpones Drillship Bond

Odebrecht Postpones Drillship Bond

Brazil Bonds

Odebrecht has decided to postpone a drillship securitization transaction until markets stabilize, according people familiar with the deal. The move was not seen as a surprise, as no LatAm issuers have held dollar-denominated bond sales since May 31. The Brazilian issuer held a four-continent roadshow through June 5, marketing what ratings agencies expected to be a $1.88bn 2022 bond. HSBC, Itau, and Morgan Stanley were mandated as global coordinators, and joined by Banco do Brasil, BNP Paribas an

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