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Published on 3/28/2011 in the Prospect News Emerging Markets Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

Braskem to prepay all $200 million 9% perpetual bonds in April

By Toni Weeks

San Diego, March 28 - Braskem, SA said it will prepay all $200 million of its 9% perpetual bonds on April 28, according to an announcement.

The redemption price will be par plus accrued interest to the redemption date.

The Bank of New York Mellon is the trustee.

Sao Paulo, Brazil-based Braskem is a privately owned petrochemical company.


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