This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Braskem Pays Coupon on Its Dollar Bond Due 2028
January 13, 2026
Braskem has paid the coupon due on its dollar bond maturing in 2028, easing near-term investor concerns, as per sources. The company still faces significant obligations this month, including coupon payments on bonds maturing in 2030, 2050 and 2081. The 2081 notes are hybrid securities that allow Braskem to defer interest without triggering a default. Braskem is under pressure from weak petrochemical prices and the fallout from an environmental disaster at one of its salt mines. It has roughly $130mn of debt payments due this month, while holding $1.3bn in cash as of end-September and having drawn down a $1bn credit facility in October. The company hired advisers last year to review its capital structure. Fitch has flagged heightened refinancing and liquidity risks, recently downgrading Braskem to CC. Meanwhile, co-controlling shareholder Novonor SA is seeking to sell its stake to a fund advised by IG4 Capital, while subsidiary Braskem Idesa failed to reach a restructuring agreement.
Braskem’s dollar bonds traded stable with its 4.25% 2028s at 43.6 cents on the dollar.
For more details, click here
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.