Syensqo Launches New 5-Year, 10-Year U.S. Dollar Bonds
By Miriam Mukuru
Belgian chemicals company Syensqo launched new five-year and 10-year U.S. dollar-denominated bonds, each of $600 million, it said on Friday.
The five-year bond has a coupon of 5.650% and the 10-year bond a 5.850% coupon rate, it said.
The proceeds will go toward general corporate purposes, including repaying the bridge loan facility the company set up at the end of 2023 related to the demerger from Solvay, Syensqo said.
"We are constructive on [Syensqo's] credit, which benefits good business diversification, strong exposure to specialty chemicals, and low leverage metrics," CreditSights senior analyst Laurent Vergnault said in a note.
Write to Miriam Mukuru at miriam.mukuru@wsj.com
(END) Dow Jones Newswires
May 31, 2024 07:55 ET (11:55 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Six Sports Betting and iGaming Stocks Trading at a Discount
-
4 Predictions for Stocks and the Economy for the Second Half of 2024
-
What Broadening Rally? AI Stocks Dominate Again In Q2
-
After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?
-
Worst-Performing Stock ETFs of the Quarter
-
Top-Performing Stock ETFs of the Quarter
-
Q2 In Review and Q3 2024 Market Outlook
-
5 Stocks to Buy for 3Q 2024
-
Industrials: Sector Offers Investment Opportunities as Performance Lags Broader Market
-
Consumer Defensives: Even Amid Macro Pressures, Deals Permeate the Landscape
-
33 Undervalued Stocks
-
Utilities: Can the Stocks Keep the Rally Going?
-
Basic Materials: Following Index Decline, We See Many Long-Term Opportunities
-
Healthcare: Valuations Look Attractive In Most Industries
-
Financial Services: Amid Uncertainties, We See the Most Value In Banks and Credit Services
-
Consumer Cyclicals: Even With Anxiety Over Spending, We See Attractive Valuations