Solvay to issue 6-year bond for EUR 150 mln public offering

Belgium-headquartered Solvay Group, which operates globally in Chemicals, Plastics and Pharmaceuticals sectors, recently announced that it will issue a 6 year bond for a minimum total amount of EUR 150 mln in the form of a public offering in Belgium and Luxembourg. The bonds will bear interest at an annual gross rate of 5.0%. With this bond issue, the Solvay Group intends to benefit from the favorable market conditions in terms of interest rate and liquidity. This issue will allow Solvay to consolidate its long term debt structure by refinancing the commercial paper it currently issues at short term.
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