Investors go large as Odebrecht proves LatAm bond market open

Investors go large as Odebrecht proves LatAm bond market open

Project & Infrastructure Finance

Investors offered strong support for a drillship securitization from Odebrecht on Thursday, the first bond sale by a Latin American borrower since January. The Brazilian infrastructure firm sold a $580m drillship securitization though its Offshore Drilling Finance unit on Thursday after investors placed $5.5bn worth of orders. The October 2022 deal was priced to yield 6.625%, tight to price guidance of 6.75% to 6.875% issued earlier in the day. A source following the sale said it came a little c

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