Andrade Gutierrez sets IPTs on dollar bonds

Andrade Gutierrez sets IPTs on dollar bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Brazil US

Brazil's Andrade Gutierrez has set the initial price talk on an upcoming bond deal in the mid-9% area, although it probably will not price the notes until Friday or early next week, according to a source following the deal. The Belo Horizonte-based construction company will sell the five-year bonds to fund the planned buyback of $356 million in 11% 2021 bonds. It has hired Bradesco BBI, BB Investimentos and HSBC to arrange the sale of new notes and coordinate the buyback. Andrade Gutierrez has o

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