Capitalizing on an upgrade to iCapitalizing on an upgrade to
investment grade by Standard & Poor’s and
Moody’s and favorable market conditions,
petrochemicals company Braskem successfully replaced expensive
notes due 2014, 2015, and 2017. Following the operation,
Braskem walked away with a newly issued $750 million 10-year
bond, and a much improved debt amortization schedule. "We
eliminated previous references with competitive ones and paid a
very low premium at...
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