By Reshmi Basu
New York, June 13- Braskem SA priced an upsized offering of $150 million in 10-year perpetual bonds (/BB-/BB-) at par to yield 9¾%, according to a market source.
The senior unsecured bonds, increased from $100 million, will be non-callable for five-years.
Merrill Lynch was the bookrunner for the Rule 144A/Regulation S offering.
Braskem, based in Sao Paulo, is a petrochemical company.
Issuer: Braskem SA
| Amount: | $150 million
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| Issue: | Senior unsecured
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| Maturity: | Perpetual
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| Coupon: | 9¾%
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| Issue price: | Par
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| Yield: | 9¾%
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| Call option: | Callable on June 17, 2010 at par
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| Pricing date: | June 10
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| Settlement date: | June 17
|
| Bookrunner: | Merrill Lynch
|
| Ratings: | Standard & Poor's: BB-
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| Fitch: BB-
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