BBB

Braskem Idesa SAPI 6.99% 20-FEB-2032

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Overview
Analysis

BAK5281307 analysis



Key facts


Issuer
Braskem Idesa SAPI
Issue date
Oct 20, 2021
Maturity date
Feb 20, 2032
Outstanding amount
‪1.20 B‬USD
Face value
1,000.00USD
Minimum denomination
200,000.00USD
Coupon
6.99% (Variable)
Yield to maturity
15.36%
Braskem Idesa SAPI is a Mexican company founded in 2010 as a partnership between Braskem, the largest petrochemical company on the continent producing thermoplastics, and Grupo, a leading Mexican petrochemical company. The joint venture company is based in Mexico City, Mexico, and has subsidiaries in Mexico. The company developed a petrochemical complex in the municipality of Nanchital, in Mexico, which began operating in 2016 and produces one million fifty thousand tons per year of ethylene and polyethylene. Braskem Idesa offers a comprehensive portfolio of plastic resins and chemical products for diverse industries, such as food packaging, construction, manufacturing, automotive, agribusiness, health, and hygiene, and more. Braskem Idesa is oriented towards people and sustainability, contributing to the value chain to strengthen the circular economy and improve people's lives through sustainable solutions in chemicals and plastics.
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