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Prospect News home > News index > List of issuers B > Headlines for Braskem SA > News item
Published on 4/26/2012 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.

Braskem launches $500 million senior unsecured 10-year deal at 5.4%

By Aleesia Forni and Paul A. Harris

Columbus, Ohio, April 26 - Braskem SA (Baa3/BBB-/BBB-) launched a $500 million senior unsecured 10-year bond at 5.4%, according to a market source.

The Rule 144A and Regulation S deal is coming via BB Securities, BTG Pactual, HSBC and JPMorgan.

Proceeds will be used to prepay existing debt and for general corporate purposes.

Braskem is a petrochemicals company based in Sao Paulo, Brazil.


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