October 12, 2021 |
Mexican petrochemical company Braskem Idesa started calling investors on Monday with plans to issue between $750 million and $1 billion in2032 sustainability-linked bonds (SLBs), according to sources involved in the deal.
The company, a joint venture between Brazil's Braskem and Mexico's Grupo Idesa, has hired Morgan Stanley, Crédit Agricole, Deutsche Bank and Itaú BBA as global coordinators and joint bookrunners on the bond sale, one source said.
Braskem Idesa has tied the interest rate to tar
Mexican petchem company ties new 2032 bonds to targets to reduce greenhouse gas emissions by 15% in seven years