first-of-its-kind private placement has linked US institutional
investors with Brazils project market and revealed
them to be a perfect a
$500 million deal creates a new capital source for
Brazils energy sector, as well as new long-term
investment opportunities for insurance and pension fund
weeks offering by SBM
Offshore is one
of Brazils first private placements under US securities
law. It is the first from its energy sector.
Brazils energy market there are now three sources of
capital: the bank and EC (export credit agency) market, section
144A bond market, and now private placements, said
Milbank Tweed Hadley & McCloy partner Dan Bartfeld, who
represented the issuer.