Odebrecht preps drillship securitization

Odebrecht preps drillship securitization

Structured Finance

Odebrecht is preparing a $580m October 2022 drillship securitization through its Offshore Drilling Finance unit, a follow-up to the instrument which it sold in July last year, LatinFinance understands. The firm has mandated Santander, HSBC and BNP Paribas as global coordinators, and Bradesco, Itau and Morgan Stanley as bookrunners. It begins a 2-team US and UK roadshow today, which is expected to finish on February 20. Fitch has assigned an expected BBB rating to the bond and Moody’s, Baa3. Odeb

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