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Published on 1/25/2021 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Syngenta starts tender offer for 4.375%, 5.676% long-dated notes

Chicago, Jan. 25 – Syngenta Finance NV is offering to purchase for cash all of its $250 million 4.375% notes due March 28, 2042 (Cusip: 87164KAB0) and all of its $500 million 5.676% senior notes due April 24, 2048 (Cusips: 87164KAJ3, N84413CN6), according to an offering document.

A total consideration of $980 per $1,000 note will be paid for the 2042 notes, and a total consideration of $1,052.50 is being offered for the 2048 notes. Interest will also be paid.

Tenders can be withdrawn before 5 p.m. ET on Jan. 29, the expiration time.

Results will be announced on Feb. 1.

The guaranteed delivery date is 5 p.m. ET on Feb. 2.

Settlement is expected for Feb. 3.

The dealer manager for the offer is HSBC Continental Europe (+44 20 7992 6237, 888 HSBC 4LM, 212 525 5552, liability.management@hsbcib.com).

D.F. King & Co. Inc. is the tender agent (877 283-0325, 212 269-5550, syngenta@dfking.com, https://sites.dfkingltd.com/syngenta).

The agribusiness company is based in Basel, Switzerland.


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