IHS Chemical Week

People & Business :: Companies

Braskem raises $500 million through bond issue

7:39 AM MST | January 17, 2014 | Francinia Protti-Alvarez

Braskem says it has raised $500 million via an overseas bond issuance. Proceeds will be used to buy back some existing bonds and pay down short-term debt, Braskem says. The company did not provide further details. The 10-year overseas bonds are due to mature in 2024. The bonds were assigned a BBB- rating by Fitch, according to a brief issued by the ratings agency. They will be unconditionally guaranteed by Braskem. The ratings reflect the company's level of indebtedness, Fitch says. Braskem, to improve its debt position, has been divesting assets, including the...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa