November 29, 2018 |
The countdown for Odebrecht to restructure some $3bn in bonds is set to begin as the Brazilian conglomerate appears likely to miss three interest payments in December.
"They are starting talks with the bondholders, and we will see what happens," a credit ratings analyst in São Paulo to LatinFinance.
Odebrecht is not expected to make an interest payment on $750m in perpetual notes in mid-December or meet other interest payments scheduled for later in the month. The company will begin a 30-day gra
Brazilian conglomerate faces heightened default risks as it appears poised to miss $72m in interest payments next month, analysts say