Odebrecht Bonds Jump to 7-Month High on Plea Bargain Speculation

  • Company may pay 7 billion reais in agreement, newspaper says
  • Plea bargain could pave the way for new government contracts

Odebrecht SA bonds surged on speculation the company is close to reaching an agreement with prosecutors that will allow it to regain access to government contracts after being caught up in the largest corruption probe in Brazil’s history.

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