Solvay: E500m bond issue

(CercleFinance.com) - Solvay has announced that it has placed a perpetual hybrid bond for a total nominal amount of 500 million euros to cover its general corporate needs.


"The new E500 million hybrid bond has a perpetual maturity with a first call date on 2 December 2025 and will pay a fixed coupon of 2.5% (with corresponding yield of 2.625%) until 2 March 2026 (first reset date). The coupon will reset on this date and every 5 years thereafter," the group said.


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