Braskem, Votorantim lead Brazil buybacks

Brazil
By Oliver West
16 Apr 2014

Liability management transactions continue to dominate Brazilian bond supply, with regulars Braskem and Votorantim raising money for buybacks on Wednesday.

Copper miner Paranapanema (Ba3/B+) was in the market on the same day looking for a debut bond with a seven year maturity.

Initial price thoughts were at the high 8% mark on Wednesday afternoon, with pricing expected on Thursday. Proceeds will be used to extend the maturities ...

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