March 26, 2019 |
Odebrecht's creditors are expected to stick with a restructuring proposal when they next hold meetings with the troubled Brazilian company in mid-April, LatinFinance has heard.
"We thought the proposal we put together, which was based on their business plan and not on anything heroic, was very clear and would give them enough flexibility. We don't understand why they are saying it's unfeasible," one of the bondholders said.
After Odebrecht asked its bondholders to accept a discount of 70% to 80%
Creditor group will next hold talks with the Brazilian company in mid-April, source says