Braskem Idesa refinances project debt with $1.2bn sustainability-linked bond

In:

Oil & gas

Region:

Americas

Mexican polyethylene producer Braskem Idesa has raised a $1.2 billion sustainability-linked bond and a $150 million term loan to refinance existing project debt. The bonds mature in 2032 and have a coupon of 6.99%. Credit Agricole, Deutsche Bank, Itau BBA, and Morgan Stanley were lead arrangers and...

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