Odebrecht aims for May restructuring

Odebrecht aims for May restructuring

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Project & Infrastructure Finance Brazil

Odebrecht Engenharia e Construção (OEC), the construction unit of the Brazilian conglomerate Odebrecht, could refinance $3bn in outstanding bonds by May next year, LatinFinance has heard. "The creditors and the company recognize that the sooner this is done, the better," said an investor who holds Odebrecht bonds. OEC's bondholders have formed a committee to determine the best way to pursue a restructuring, but the discussions do not begin in earnest until January, the investor said. "This is go

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