Braskem Faces Financial Turmoil as Bondholders Scramble for Stability

Braskem SA is experiencing a financial crisis as its dollar bonds plummet following the company's decision to hire advisers for a capital structure review. This unexpected move has alarmed investors and raised concerns about the company's future amid challenges in the petrochemicals sector and a lingering environmental disaster. Bondholders are now racing to organize themselves in light of the uncertainty surrounding Braskem's financial health.