Brazil's Andrade Gutierrez to issue bonds to pay off debt
Brazilian construction group Andrade Gutierrez will issue US$540mn in overseas bonds to be fully subscribed to by US investment firm Pimco, financial newspaper Valor Econômico reported, citing unnamed sources close to the transaction.
Andrade Gutierrez plans to use the proceeds to pay US$325mn of overdue overseas bonds, the newspaper said. The rest of the funds will likely be used to pay off debt with banks Banco do Brasil and Bradesco, added the report.
The new bonds will carry an annual coupon of 13.5%.
Andrade Gutierrez is one of several construction companies involved in the Lava Jato corruption probe and has seen a drastic fall in revenues as a result of its tarnished image.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Infrastructure (Brazil)
São Paulo state moves forward with US$600mn subway expansion
The state gave the green light for studies to begin for an expansion of line No. 4.
Rio de Janeiro state plans US$1.4bn investment in natural disaster prevention
The state has requested funding from the federal government for more than 80 projects.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Infrastructure (Brazil)
Get critical information about thousands of Infrastructure projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: BR-381 Highway concession (Rodovia da Morte) (Ex Highway Concession BR-262 ES/MG -BR-381)
- Current stage:
- Updated:
1 week ago
- Project: Rio de Janeiro - São Paulo High Speed Train (EF-365)
- Current stage:
- Updated:
1 week ago
- Project: Railway EF-317 (Alcântara/MA - Açailandia/MA)
- Current stage:
- Updated:
2 weeks ago
- Project: Alcântara Port Terminal
- Current stage:
- Updated:
2 weeks ago
- Project: Highway concession BR-050 (GO/MG)
- Current stage:
- Updated:
2 weeks ago
- Project: Ponta Negra port terminal (Maricá port complex/Jaconé port)
- Current stage:
- Updated:
2 weeks ago
- Project: BR-101/SC Highway concession, Paulo Lopes-São João do Sul stretch
- Current stage:
- Updated:
2 weeks ago
- Project: Paraguay - Parana water connection
- Current stage:
- Updated:
2 weeks ago
- Project: East Dock Project (Moegão, Cais Leste)
- Current stage:
- Updated:
2 weeks ago
- Project: Paulista highway (Rodovia dos Calçados highway network)
- Current stage:
- Updated:
2 weeks ago
Other companies in: Infrastructure (Brazil)
Get critical information about thousands of Infrastructure companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Ministério das Cidades
- Company: Tuberfil Indústria e Comércio de Tubos Ltda.  (Tuberfil)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Petroserv Marine Inc.  (Petroserv)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Hydrostec Tubos e Equipamentos Ltda.
- Company: Ecoplan Engenharia Ltda.
- Company: Germina Brasil