Odebrecht Builds Demand in Drillship Bond Return

Odebrecht Builds Demand in Drillship Bond Return

Brazil Bonds Structured Finance

Odebrecht has restarted the sale of a 2022 drillship securitization, and had built up more than $2bn demand Thursday for the $1.7bn transaction expected to price as soon as today, according to people familiar with the process. Initial price thoughts are in the high-6% range, and while timing was disclosed late Thursday morning as “ASAP,” bookrunners were heard deciding to keep books open for European and Asian accounts, while US books have gone subject. The deal through the Odebrecht Offshore Dr

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