Embraer Tops 50% in Exchange

Embraer Tops 50% in Exchange

Brazil Bonds

Brazil’s Embraer has received acceptance from holders of $475.5m, or 54%, of the amount of bonds targeted in a tender offer, as of the September 11 early deadline, it says. In the exchange and cash offer for the $880m outstanding of its 6.375% 2017 and 6.375% 2020 bonds, Embraer expects to issue $532m in new 2023 notes at a rate of 5.696% on September 16. The total exchange price for the 2017 notes is $1,120.31 per $1,000.00 and $1,118.31 per $1,000.00 for the 2020 notes. Embraer offered an extr

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