CORPORATE LIABILITY MANAGEMENT - Making the Grade

Jan 19, 2012

Braskem

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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