Brazil's Odebrecht talks $580 million notes due 2022 at 6¾%-6 7/8%

By Christine Van Dusen

Atlanta, Feb. 20 - Brazil's Odebrecht Offshore Drilling Finance Ltd. set talk at 6¾% to 6 7/8% for its $580 million 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.

A roadshow ended on Thursday.

The notes, which could price as soon as Thursday, include a change-of-control put at 101%.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.