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(Commission File No. 1-14862 )
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ______ No ___X___
São Paulo, July 16, 2020
Securities and Exchange Commission of Brazil
Rua Sete de Setembro, 111, 33º andar
Centro, Rio de Janeiro - RJ
Ref.: Official Letter 238/2020/CVM/SEP/GEA-1
Dear Sir/Madam:
In reference to Official Letter 238/2020/CVM/SEP/GEA-1 (“Official Letter”), dated July 15, 2020, through which you requested clarifications from Braskem S.A. (“Braskem” or “Company”) with regard to the article published on July 15, 2020, in the News section of the Infomoney portal, as transcribed below:
“Braskem (BRKM5)
And in the international market, Braskem, through Braskem Netherlands Finance, is preparing an issue of subordinated notes. The transaction is seeking to raise US$ 500 billion, according to the newspaper Valor Econômico.”
With regard to the aforementioned article, Braskem informs that the Company’s Board of Directors approved, on July 14, 2020, the authorization of the issuance of debt securities in the international market to qualified institutional investors within certain parameters and conditions, with management authorized to execute the acts required to perform this issuance. The issuance and its final conditions, however, are subject to favorable market conditions and investor demand, and Braskem is unable to guarantee that the transaction will be concluded and, if so, under which conditions.
For more information, contact Braskem’s Investor Relations Department by calling +55 (11) 3576-9531 or by sending an e-mail to braskem-ri@braskem.com.br.
Sincerely,
Pedro van Langendonck Teixeira de Freitas
Chief Financial and Investor Relations Officer
Braskem S.A.
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Rua Lemos Monteiro, 120 - 24º andar | Butantã São Paulo – SP | Brasil | CEP 05501 050 Tel. 55 11 3576 9000 | Fax 55 11 3576 9073 www.braskem.com |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: July 16, 2020| BRASKEM S.A. | |||
| By: | /s/ Pedro van Langendonck Teixeira de Freitas | ||
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| Name: | Pedro van Langendonck Teixeira de Freitas | ||
| Title: | Chief Financial Officer | ||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
