Ineos plans to price €1.03 billion equivalent dollar, euro five-year notes on Tuesday

By Paul A. Harris

Portland, Ore., Feb. 10 - Switzerland-based Ineos Group Holdings SA was scheduled to participate in a global conference call with investors on Monday morning to discuss its €1,032,000,000 equivalent dual-currency offering of five-year senior notes (existing ratings Caa1/B-), according to a syndicate source.

The deal, which features tranches of dollar-denominated notes and euro-denominated notes, is expected to price on Tuesday.

Tranche sizes remain to be determined.

Joint global coordinator Citigroup Global Markets will bill and deliver for the dollar-denominated notes. Joint global coordinator JPMorgan will bill and deliver for the euro-denominated notes.

Barclays, BofA Merrill Lynch, Goldman Sachs and UBS are joint bookrunners.

The Rule 144A and Regulation S for life notes come with two years of call protection.

The specialty chemicals company plans to use the proceeds to repay its outstanding senior notes due 2016.

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