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Brazil's Odebrecht talks $500 million add-on to 2023 notes at 6% area
By Paul A. Harris
Portland, Ore., Jan. 23 - Odebrecht Finance Ltd. talked a $500 million add-on to its 6% senior notes due April 2023 (expected ratings Baa3/BB+/BBB-) at the 6% area, on Monday, according to a market source.
Deutsche Bank, Credit Suisse and Goldman Sachs are leading the deal.
The Rule 144A and Regulation S notes are non-callable.
The Brazilian construction company plans to use the proceeds for general corporate purposes.
The original $500 million issue priced at par in March 2011.
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