Braskem Bonds Fall After Report on Potential Restructuring Plan

Braskem SA’s dollar bonds fell across the curve after local media reported that management signaled to bondholders that it will present a plan to restructure its financial liabilities by January.

• Dollar notes due in 2028 fell 3.75 cents to trade at 39 cents on the dollar, near a record low, according to Trace data
• Comments came after a creditor asked about payments related to interest payments coming due in January, specifically on the 2028 bond, Coluna do Broadcast reported citing three unnamed sources
  • READ: Braskem May Present a Restructuring Plan by January: Estado
• NOTE: Group of Banks Said Hiring ...