Braskem markets hybrid as Lat Am conditions swell

Brazil cement
By Ross Lancaster
15 Jul 2020

Lat Am bond markets continued to demonstrate growing risk appetite as Brazilian petrochemical company Braskem began marketing hybrid bonds on Tuesday.

Last week, investors proved willing to take down high yielding sovereign paper when El Salvador printed a $1bn 32 year bond. That was not a straightforward sale but it made it over the line.

“Investors have turned their attention to subordinated structures or lower ratings in a reach ...

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