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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