Solvay: makes E600m bond placement

(CercleFinance.com) - Solvay announced on Friday evening that it has placed a bond loan totalling 600 million euros, with a coupon of 0.
5% maturing in September 2029, which will be listed in Luxembourg.

Solvay Finance also announced its intention to repay an existing bond loan of 800 million dollars with a coupon of 3.4%, maturing in 2020.

"These transactions will together contribute to an extension of the average maturity of our debt and to reduce our funding costs, benefiting from constructive market conditions. As such, they bear testimony to our continued focus on ensuring a prudent and cost effective capital structure as an integral part of our value creation strategy" said Karim Hajjar, Solvay's Chief Financial Officer.


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