Braskem Idesa makes cross-border bond debut

Braskem Idesa makes cross-border bond debut

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

Mexico's Braskem Idesa received "substantial demand" in its cross-border bond market debut, earning $900 million from the sale of 10-year note, said a source involved in the deal. The bookrunners Citi, Santander and SMBC put the coupon at 7.45% and prices the bonds at 99.659 to yield 7.5%, the source said. The banks had opened the initial price talk in the mid-7% area before setting the guidance and launching the deal at 7.5%, the source added. Orders came from accounts in Latin America, Europe,

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