Brief: Solvay Completes EUR 1.5 Billion Dual Tranche Bond Issuance

Solvac SA

26/03/2024 18:05

March 26 (Reuters) - Solvay SA  SOLB.BR :
    * SUCCESSFULLY COMPLETES ITS INAUGURAL EUR 1.5 BILLION DUAL
TRANCHE BOND ISSUANCE
    * 4-YEAR EUR 750M BOND MATURING ON APRIL 3RD, 2028
    * 7.5-YEAR EUR 750M BOND MATURING ON OCT 3RD, 2031
    * IN ALIGNMENT WITH ITS PRUDENT FINANCIAL POLICY, PROCEEDS
WILL BE
USED FOR GENERAL CORPORATE PURPOSES
    * THIS CONTRIBUTED TO A TRANSACTION NEARLY 6 TIMES
OVERSUBSCRIBED
    * INCLUDING REFINANCING OF EUR 1.5B BRIDGE FACILITY SET UP
AT END
OF 2023 IN RELATION TO PARTIAL DEMERGER
    * COUPONS FOR EUR 4-YEAR AND 7.5-YEAR ISSUE OF RESPECTIVELY
3.875%
AND 4.250%

Source text for Eikon:  ID:nGNE2dQMj9 
Further company coverage:  SOLB.BR 

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