Odebrecht Bonds Are Both the Best and Worst in Brazil


Odebrecht SA is rewarding some bondholders while others get burned.

Notes issued by the holding company plunged Wednesday after newspaper Valor Economico reported executives had told creditors that it will inevitably file for bankruptcy. The bonds are the worst performers in Brazil this year, losing more than a third of their value, as speculation mounted the scandal-tainted builder would struggle to meet its obligations. Odebrecht told Valor that it continues to make good progress on efforts to restructure its business.

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