Brazilians boot up for pre-WC issuance

Brazil world cup
By Oliver West
05 Jun 2014

Bond investors and bankers covering Latin America from the US may not pay too much attention to the football World Cup, but may find unexpected out-of-office replies from Brazilian and LatAm borrowers when the tournament starts on June 12.

With this in mind, three Brazilian issuers — Odebrecht, Banco do Brasil and Rio Finance Oil Trust — are meeting investors and could issue bonds before the World Cup gets underway.

“This is part of the pre-World Cup rush,” said one head of LatAm origination. “There will always ...

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