New bond issue: Braskem sells USD 750m in 2021 bonds with 5.750% coupon
Braskem (Brazil) on April 6, 2011 placed USD 750m in bonds with a 5.750% coupon, maturing in 2021. The bond was priced at 98.14% to yield 6.00%. Citigroup, Deutsche Bank, Santander arranged the deal.
Issuer, issue number: Braskem, 2021
Type of debt instrument: Eurobonds
Issue status: outstanding
Par, currency of issue: USD, 100000
Amount: 750 000 000
End of placement: Apr 06 2011
Issue price: 98.14
Yield at Pricing: 6%
Coupon: 5.750%
Settlement Date: Apr 2011
Maturity date: Apr 2021
Issue Managers: Citigroup, Deutsche Bank, Santander
Issuer profile:
Braskem is a Brazilian petrochemical company headquartered in São Paulo. The company is the largest petrochemical in the Americas by production capacity and the seventh largest in the world. By revenue it is the fourth largest in the Americas and the seventeenth in the world. Braskem operates 13 chemical plants with a production capacity of over 5 million metric tons per year of chemical and petrochemical products.
Outstanding issues:
3 issue(s) outstanding worth USD 1 950 000 000
Braskem (Brazil) on April 6, 2011 placed USD 750m in bonds with a 5.750% coupon, maturing in 2021. The bond was priced at 98.14% to yield 6.00%. Citigroup, Deutsche Bank, Santander arranged the deal.
Issuer, issue number: Braskem, 2021
Type of debt instrument: Eurobonds
Issue status: outstanding
Par, currency of issue: USD, 100000
Amount: 750 000 000
End of placement: Apr 06 2011
Issue price: 98.14
Yield at Pricing: 6%
Coupon: 5.750%
Settlement Date: Apr 2011
Maturity date: Apr 2021
Issue Managers: Citigroup, Deutsche Bank, Santander
Issuer profile:
Braskem is a Brazilian petrochemical company headquartered in São Paulo. The company is the largest petrochemical in the Americas by production capacity and the seventh largest in the world. By revenue it is the fourth largest in the Americas and the seventeenth in the world. Braskem operates 13 chemical plants with a production capacity of over 5 million metric tons per year of chemical and petrochemical products.
Outstanding issues:
3 issue(s) outstanding worth USD 1 950 000 000