Brazil's Braskem Finance's 10-year benchmark notes whispered at 7%

By Christine Van Dusen

Atlanta, April 28 - Brazil's Braskem Finance Ltd.'s planned 10-year dollar-denominated benchmark-sized issue of notes (expected Ba1/BB+/BB+) is being whispered at 7%, according to a market source.

Bradesco BBI, HSBC and Santander are the bookrunners for the deal, which will launch subject to market conditions and following a roadshow in Europe and the United States.

Braskem Finance is the Cayman Islands-based subsidiary of Braskem, a petrochemical company based in Sao Paulo.

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