Solvay: Public Offering of a 6 Year Bond
The Solvay Group will issue through Solvay S.A. a 6 year bond for a minimum total amount of EUR 150 million 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.
The bond will be available in denominations of EUR 1,000. The subscription period will run from 18 May 2009 to 09 June 2009, subject to early closing.
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