Brief: Solvay Issues EUR 500 Million Perpetual Hybrid Bond

Solvac SA

25/08/2020 17:04

Aug 25 (Reuters) - Solvay SA  SOLB.BR :
    * REG-SOLVAY SUCCESSFULLY PLACES A PERPETUAL HYBRID BOND OF
€500
MILLION
    * NEW EUR 500 MILLION HYBRID BOND HAS A PERPETUAL MATURITY
WITH A
FIRST CALL DATE ON 2 DECEMBER 2025
    * BOND WILL PAY A FIXED COUPON OF 2.5% (WITH CORRESPONDING
YIELD
OF 2.625%) UNTIL 2 MARCH 2026 (FIRST RESET DATE)
    * CONCURRENTLY LAUNCHED A TENDER OFFER TO REPURCHASE
ANY-AND-ALL
OF ITS EUR 500 MILLION PERPETUAL HYBRID BOND WITH A FIRST CALL
DATE IN JUNE 2021
    * REPURCHASE OFFER WILL EXPIRE ON 1ST OF SEPTEMBER 2020 AT
17:00
CET.

Source text for Eikon:  ID:nGNE3w69zp 
Further company coverage:  SOLB.BR 

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