Brazil's Odebrecht sets roadshow for dollar benchmark notes due 2022

By Christine Van Dusen

Atlanta, Feb. 12 - Brazil's Odebrecht Offshore Drilling Finance Ltd. will set out on Thursday for a roadshow to market a dollar-denominated and benchmark-sized offering of notes due Oct. 1, 2022 (expected ratings: Baa3/BBB/BBB), a market source said.

Santander, HSBC and BNP Paribas are the global coordinators. Bradesco BBI, Itau BBA and Morgan Stanley are the bookrunners for the Rule 144A and Regulation S deal.

The roadshow will begin on Thursday in Houston and travel to the U.S. West Coast, New York, London, Boston, New Jersey and Chicago before concluding on Feb. 20.

Odebrecht is an engineering, construction, chemical and petrochemical conglomerate based in Salvador da Bahia, Brazil.

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