Odebrecht Bondholders Offer Debt Relief Plan After Missed Coupon
Photographer: Dado Galdieri/Bloomberg
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Creditors of Odebrecht SA’s engineering and construction division holding more than $1 billion of the Brazilian company’s bonds said they have proposed a debt restructuring, including a four-year extension of maturity.
Odebrecht hasn’t responded yet to the proposal, which was presented on Wednesday, the creditor group said in a statement.