Odebrecht rides strong demand for 15-year deal

Odebrecht rides strong demand for 15-year deal

Bonds

Odebrecht built an order book of $3.25bn on Thursday to price a 15-year $500m at par to yield 5.25%, 25bp points below initial price thoughts, sources said. BB Securities, Citi, Deutsche Bank, Itau, JPMorgan, Mitsubishi and Santander managed the transaction. The deal was heard to attract a varied order book of around 310 accounts, with demand coming from large real money accounts to private banks. “The appetite for Latin American debt is still very strong, especially for a credit like this, whic

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