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Brazil's Odebrecht plans new real-, dollar-denominated notes as part of tender offer
By Christine Van Dusen and Angela McDaniels
Atlanta, April 16 - Brazil-based Construtora Norberto Odebrecht SA affiliate Odebrecht Finance Ltd. is planning to issue real- and dollar-denominated notes as part of a tender offer, according to a company announcement.
The tender offer is for $118.6 million of the company's outstanding 7% senior notes due 2020 and $729 million of its outstanding 6% notes due 2023.
The tender offers are conditioned on the closing of the company's offerings of real-denominated notes due 2018 and dollar-denominated notes due 2025. Neither tender offer is conditioned on the tender of any minimum or maximum principal amount of notes.
Construtora Norberto Odebrecht is an engineering and construction company based in Sao Paulo.
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