By Christine Van Dusen
Atlanta, Nov. 20 – Israel Chemicals priced $800 million 4½% 10-year notes (expected ratings: /BBB/BBB) at 99.285 to yield 4.59% on Thursday, according to a company announcement.
Barclays, Citigroup and HSBC were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used to repay short-term loans and debt, for general corporate purposes, for potential acquisitions and to refinance existing debt.
Based in Tel Aviv, the issuer is a fertilizer and specialty chemicals company.
| Issuer: | Israel Chemicals
|
| Amount: | $800 million
|
| Maturity: | Dec. 2, 2024
|
| Description: | Senior notes
|
| Bookrunners: | Barclays, Citigroup, HSBC
|
| Coupon: | 4½%
|
| Price: | 99.285
|
| Yield: | 4.59%
|
| Trade date: | Nov. 20
|
| Settlement date: | Dec. 2
|
| Expected ratings: | Standard & Poor’s: BBB
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
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