Odebrecht reopens perp

Odebrecht reopens perp


Odebrecht Oil and Gas added $150m to the perpetual non-call 10-year bond that it sold last month, taking the paper into JPMorgan’s CEMBI diversified index. The company reopened the bond at a price of 103, a small concession from the 103.85 at which the $400m bond was spotted on Tuesday morning, LatinFinance heard. It was the company’s third time in the dollar market in less than a month, following the initial sale of the perp in early June, and a 15-year $500m bond on June 19 by Odebrecht Financ

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