Brazil's Odebrecht talks $450 million tap of 7 1/8% notes due 2042 at 6%-6.4% area

By Christine Van Dusen and Andrea Heisinger

Atlanta, Oct. 22 - Brazil's Odebrecht Finance gave price guidance in the 6% to 6.4% area for a $450 million tap of its 7 1/8% notes due 2042, a market source said.

BNP Paribas is the bookrunner for the deal.

The original $400 million issue priced in June at 98.479 to yield 7¼%.

The notes are guaranteed by Construtora Norberto Odebrecht SA, an engineering, construction, chemical and petrochemical conglomerate based in Salvador da Bahia, Brazil.

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