by Amruth Sundarkumar | Mar 28, 2022 | Corporates, Credit Ratings, High Yield Bonds
Braskem Idesa was upgraded to BB- from B+ by Fitch, with a stable outlook. Braskem’s amendment to the supply ethane contract with Pemex (to build an ethane terminal and supply of 30,000 bpd by Pemex) reduces uncertainties regarding sustainability and...
by Amruth Sundarkumar | Mar 11, 2022 | Corporates
Braskem’s Mexican subsidiary Braskem Idesa is planning to invest $150mn to expand its petrochemical plant by 2025 in Mexico. The expansion will allow Braskem to receive its ethane from its import terminal, instead of relying on Pemex for half its supply and to...
by Amruth Sundarkumar | Feb 3, 2022 | Corporates
Brazil’s state-owned oil company Petrobras and Novonor (formerly Odebrecht) cancelled in “mutual agreement” its plans to sell its stake in Braskem. The announcement came after both companies declared that potential buyers did not meet expectations, without...
by Amruth Sundarkumar | Jan 17, 2022 | Corporates, High Yield Bonds
Brazilian petrochemical company Braskem filed for a share offering on Friday where Petrobras and Novonor (formerly Odebrecht) will sell their stakes in the company. The share offering, filed with the Securities and Exchange Commission (SEC), consists of two...
by Amruth Sundarkumar | Oct 13, 2021 | High Yield Bonds
Mexican petrochemical company Braskem Idesa plans to issue sustainability-linked bonds (SLBs) due 2032 as per Latin Finance sources. The company appointed Morgan Stanley, Crédit Agricole, Deutsche Bank and Itaú BBA as bookrunners and global coordinators of the deal....
