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Operation Car Wash was launched to investigate allegations of corruption at state oil firm Petrobras. Contractors, including engineering firms, Odebrecht among them, are now also being probed.
One bond issue involves the company's transportation infrastructure arm, Odebrecht TransPort, and its plan to sell 300mn reais (US$116mn) in bonds for Rio de Janeiro suburban rail group SuperVia.
The company could face difficulties, local paper O Estado de São Paulo reported, citing industry sources.
The other pertains to Tocantin's state water utility Saneatins operated by Odebrecht's sanitation arm Odebrecht Ambiental. The company has postponed a road show to present upcoming plans in preparation for a sanitation infrastructure bond sale, the report said.
In terms of the financial coordinators, SuperVia is reportedly using local banks BB Investimentos and Itaú BBA, as well as the country's largest independent broker-dealer, XP Investimentos. Plans by Odebrecht Ambiental are still being developed.
From 2014-17, Brazil could see a two-year delay in infrastructure investments, Ernesto Lozardo, presidential assistant of national development bank BNDES, was reported as saying.
All companies under investigation will face restrictions in terms of financing from private banks, Lozardo added.
BNDES has forecast some 242bn reais in infrastructure investments over the next five years.
Besides Odebrecht, other Brazilian engineering firms being investigated as part of the corruption probe are Queiroz Galvão, Camargo Corrêa, Galvão Engenharia, Engevix,Mendes Junior, Constran, UTC Engenharia and IESA.