Alpek to repurchase $316m of 2022s

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Alpek to repurchase $316m of 2022s

polypropylene, chemicals, petrochemicals, plastics, LatAm, Alpek, 575
Plastic raw material in granules against the background of Chemical Laboratory and reagents. Polypropylene, Ethylene, Polypropylene research in laboratory conditions | SMAK_Photo - stock.adobe.com

Petrochemicals producer Alpek, which is owned by major Mexican conglomerate Grupo Alfa, will buy back almost half of its $650m of 4.5% 2022s after wrapping a tender offer on Tuesday.

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