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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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management