Adnoc's Scrapped Deal Spells End of Braskem Bond Rally [Yahoo! Finance]
Braskem SA ADR (BAK)
US:NYSE Investor Relations:
braskem.com.br/ri/home-en
Company Research
Source: Yahoo! Finance
Braskem SA is putting an end to one of Latin America's best bond rallies of the year. Most Read from Bloomberg Trump Judge Indefinitely Postpones Documents Case Trial Americans Are Racking Up ‘Phantom Debt' That Wall Street Can't Track One Out of Every 24 New York City Residents Is Now a Millionaire Trump's Private Life Exposed in Intimate Stormy Daniels Testimony The company's notes were some of the biggest decliners in both the US high-yield market and among Latin American corporates on Monday after news that the highly anticipated deal had unraveled. Dollar debt due 2030 — one of the company's most liquid — has continued to slide and was down almost 4 cents this week as of Wednesday morning. Novonor, which jointly owns Braskem with Brazilian oil giant Petrobras, has been trying to sell its stake for years. The troubled conglomerate — formerly known as Odebrecht — was at the center of Brazil's notorious Carwash corruption scandal, during which it had used its Braskem s
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News
- Global Bio-Butadiene Market Forecast Report 2024-2029: Styrene Butadiene Rubber Segment to Dominate Market Between 2024 and 2029 [Yahoo! Finance]Yahoo! Finance
- Braskem S.A. (NYSE: BAK) had its price target lowered by analysts at JPMorgan Chase & Co. from $11.00 to $10.00. They now have a "neutral" rating on the stock.MarketBeat
- Braskem Expands Its Fuels Business Portfolio With the Launch of Octane PlusBusiness Wire
- Braskem posts Recurring EBITDA of US$230 million in the quarter, 9% higher than 4Q23 and 12% higher than 1Q23PR Newswire
- Braskem Tanks After Adnoc Abandons Talks for Stake [Financial Post (Toronto, Ontario, Canada)]Financial Post
BAK
Analyst Actions
- 5/24/24 - JP Morgan
BAK
Sec Filings
- 6/14/24 - Form 6-K
- 6/12/24 - Form 6-K
- 6/10/24 - Form 6-K
- BAK's page on the SEC website