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

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...