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Ineos Group to redeem 5¾% notes due 2019, 5 7/8% notes due 2019
New York, Jan. 30 – Ineos Group Holdings SA said it will redeem its euro-denominated 5¾% senior notes due 2019 and its dollar-denominated 5 7/8% senior notes also due 2019.
Both series of notes will be repaid on March 1, according to a notice from the company.
The redemptions are subject to a refinancing condition which requires Ineos to have raised sufficient funds from a refinancing transaction.
If the refinancing condition is not satisfied or waived by Feb. 28, the redemption may be postponed but to no later than March 31.
For the euro notes, Ineos will pay 101.438% of par plus accrued interest up to but excluding the redemption date. The price for the dollar notes will be 101.439% of par plus accrued interest up to but excluding the redemption date.
Ineos is a Rolle, Switzerland-based chemical company.
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