Odebrecht presses ahead with debt exchange

Odebrecht presses ahead with debt exchange

Debt Corporate & Sovereign Strategy Brazil Latin America

Odebrecht plans to carry out a debt exchange under its restructuring plan in the next 90 days and start the sale of its stake in chemical company Braskem, according to sources involved in the proceedings. "We have to wait for the decision [of the court] to be published and after that, if no injunction is granted, within 30 days we can issue new notes," said one source. "There are some deadlines contemplated in the plan [for creditors] to express their interest in the offer and for some of them

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