Braskem could plan sales of US$500 mln of bonds in international markets

29-Apr-08
Preliminary talks about Latin Braskem SA planning to sell about US$500 mln of bonds in international markets to stretch out debt payments and help repay a bridge loan, are doing the rounds. America's third- largest petrochemical company based in Sao Paulo, may sell the debt with maturities of seven to 10 years. Additionally, Braskem is seeking US$800 mln in loans in the form of export pre-payments. Proceeds from both the bonds and the loan would be used to pay off a US$1.2 billion bridge loan the company took on about a year ago to help finance a joint acquisition of Grupo Ipiranga, one of the people said.
  More News  Post Your Comment

Previous News

Next News

{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha
Large capacity chemical storage tanks

Large capacity chemical storage tanks