Braskem Idesa plans trip to bond market

Braskem Idesa plans trip to bond market

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Mexico Brazil US

Braskem Idesa, a joint venture between Brazil's Braskem and Mexico's Grupo Idesa, plans to issue bonds to refinance debt, according to a report from S&P Global. The petrochemical company, which operates a polyethylene plant in Veracruz, could sell up to $1 billion in new notes, the rating agency said. S&P gave the upcoming notes a BB- rating, adding that it expects business to improve for Braskem Idesa.  The company makes just one product, however, which limits its prospects for growth a

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