Andrade Gutierrez concludes buyback

Andrade Gutierrez concludes buyback

Bonds Corporate & Sovereign Strategy Capital Markets Debt Brazil

Brazil's Andrade Gutierrez said it has finished its tender offer, accepting $78.7m of the $165.9m it received in 4% 2018 bonds. In total, the company had $500m in 2018 securities. The engineering and construction firm agreed to exceed its $75m tender cap to accommodate an additional $3.7m. Bondholders, which tendered their notes before the early deadline received $960 for every $1,000 exchanged in principal. The company only accepted the notes tendered prior to the early deadline. Andrade's exis

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