Braskem squeezes new issue premium to 4bp
A tightly priced 10 year from Braskem and a rare seven-year from Banco do Nordeste do Brasil provided the only primary action in Latin American bond markets this week.
Brazilian petrochemicals firm Braskem took advantage of strengthening market conditions on Thursday to price a $500m deal that attracted a more than
five times oversubscription despite printing well inside initial whispers.
Price talk on the transaction started at 5.625% at the open in New York. That was quickly refined
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