Embraer Launches Exchange

Embraer Launches Exchange

Brazil Bonds

Brazil’s Embraer has launched an exchange and cash offer targeting the $880m outstanding of its 6.375% 2017 and 6.375% 2020 bonds, it says. The Brazilian airplane manufacturer is set to swap the two series for new 2023 notes at a rate to be determined at the time of exchange. Bonds accepted for exchange will also receive a cash payment equal to the accrued and unpaid interest on their old notes from last interest payment date. Embraer is offering an extra $50.00 cash per $1,000 principal through

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