Odebrecht set to price perp

Odebrecht set to price perp

Bonds

Odebrecht Oil and Gas is expected to wrap up the sale of a perpetual non-call 10-year bond today, after starting the pricing process on Monday with initial thoughts of low 7% area, LatinFinance understands. The Brazilian is targeting a $400m transaction according to Standard & Poor’s, which assigned a BBB- rating. Price guidance was heard at 7% to 7.125% late on Monday, and books were heard to have closed for US-based investors. Books were heavily subscribed, according to one investor. Still, th

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