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SBM Offshore, Mitsubishi fund FPSO in bond market

SBM Offshore, Mitsubishi fund FPSO in bond market SBM Offshore, Mitsubishi fund FPSO in bond market Dutch and Japanese companies raise $850 mln to refinance debt from the Cidade de Ilhabela vessel in Brazil BondsDebtCapital MarketsFixed IncomeCorporate & Sovereign StrategyBrazil The Netherlands SBM Offshore and Japan s Mitsubishi Corporation sold $850 million worth of 13.5-year dollar-denominated notes to refinance debt from the Cidade de Ilhabela floating production storage and offloading (FPSO) in Brazil, according to a source involved in the deal.  Guara Norte, a special purpose vehicle that owns the FPSO vessel, priced the 2034 notes at 99.995 with a coupon of 5.198% to yield 5.2%, the source said.

Investors eye value in EM HY as Brazilian FPSO offers Petbra pick-up

EM bond buyers gave Guara Norte, a special purpose vehicle for Brazilian floating production storage and offloading (FPSO) unit Cidade de Ilhabela, a warm welcome on its first bond market outing as investors say that emerging market high yield corporates offer the best chance for outperformance.

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