Solvay calculates redemption price for €600 million bonds due 2029

By Mary-Katherine Stinson

Lexington, Ky., Oct. 3 – Solvay SA announced the reference rate and redemption price for the make-whole redemption of its €600 million 0.5% fixed-rate bonds due Sept. 6, 2029 (ISIN: BE6315847804), according to a notice.

The reference rate is 2.773%, and the redemption price is set at par of €100,000 per bond.

Accrued interest, totaling €45.08 per bond, will also be paid.

The redemption is planned for Oct. 9.

Payment will be tendered through Securities Settlement System.

BNP Paribas is acting as the make-whole calculation agent.

Listing on the Luxembourg Exchange for the 2019-issued bonds will be canceled on the redemption date.

Solvay is a Brussels-based chemical manufacturer.

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