November 8, 2019 |
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
Brazilian construction company lines up new five-year notes in the mid-9% area