Crossover demand helps Braskem to blow-out LM trade

Oliver West

October 30, 2019 07:00 am

Braskem, Brazil, chemcials, LatAm — Saxon Anhalts Minister President Reiner Haseloff (CDU, 2.f.r.) informs himself of the work of Christian Luther (r.) at the Braskem Europe GmbH in Schkopau, Germany, 30 October 2015. After extensive renovation of the process control system and an investment of around 10 million euros, the new system for controlling the polypropylene plants is now in operation. At the same time Braskem has produced its five millionth ton polypropylene at its plant in Schkopau . At its 36 industrial sites in Brazil, United States and Germany, the Brazilian group annually produces more than 16 million tons of thermoplastic resins, other petrochemical products and employs approximately 8,000 people worldwide. Photo: HENDRICK SCHMIDT/dpa | Hendrik Schmidt/DPA/PA Images

Brazilian petrochemicals firm Braskem clinched a $2.25bn dual tranche bond issue on Tuesday with bankers close to the deal claiming a negative new issue concession after US corporate buyers helped build a strong book.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request demo or Login

✔ 4,000 annual insights
✔ 700+ notes and long-form analyses
✔ 4 capital markets databases
✔ Daily newsletters across markets and asset classes
✔ 2 weekly podcasts

Topics

Americas LatAm Bonds Emerging Markets Brazil LatAm Latin America

OW

Oliver West

US Bureau Chief - Latin America Editor