Business Services Industry
Braskem to raise US$500mil.
South American Business Information, June, 2003
Brazil, Jun 24, 2003 (Gazeta Mercantil/SABI via COMTEX)
The Brazilian petrochemicals company Braskem has recently launched in the international market a program aimed at raising US$500mil. The first tranche will be of US$100mil. The issuance will be coordinated by Credit Suisse in partnership with Banco Pactual. Besides Braskem, other three companies started a road-show to raise overseas. The Brazilian state owned oil & gas company Petrobras, is offering uS$500mil. CSN (Companhia Siderurgica Nacional) and Acominas/Gerdau plan US$200mil and US$100mil, respectively. AmeriSteel, held by Gerdau group, has recently raised US$405mil in the US market.
Copyright (c) 2003, South American Business Information, All rights reserved.
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