April 3, 2019 |
Brazil's Odebrecht has delayed talks with bondholders to negotiate payment on $3bn in bonds from its construction business, Odebrecht Engenharia e Construção (OEC), LatinFinance has confirmed.
"We were expecting them to come up with an answer to our proposal by the end of March, but today is April 2, and we still have nothing," said an investor in New York. "They are either having a difficult time answering our proposal or are off track with what they are doing with other parts of the business,"
Brazilian builder is scheduled to meet its creditors to discuss a settlement next week, source says