Braskem Gives a Little on $750m Bond
Apr 7, 2011
Braskem has priced $750m in 2021 bonds at 98.14 with a 5.75% coupon to yield 6.00%, or UST plus 243bp, at the tight end of 6.000%-6.125% guidance. Braskem is funding a tender offer for shorter, more expensive bonds. Capitalizing on its recent promotion to investment grade by...
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