Luxembourg exchange suspends Odebrecht Oil and Gas bond on default

jueves 21 de abril de 2016 12:09 GYT

SAO PAULO, April 21 (Reuters) - Luxembourg's stock exchange suspended on Thursday the trading of bonds issued by Odebrecht Oil and Gas, part of a conglomerate involved in a massive corruption investigation in Brazil.

The company said last month it would miss a US$9.6m interest payment due on its 7 percent unsecured perpetual notes, and its 30-day grace period has expired, putting it in default. (Reporting by Caroline Stauffer)