Solvay issues cleanup call for remaining 5.118% perpetual bonds

By Wendy Van Sickle

Columbus, Ohio, Sept. 8 – Solvay Finance issued a cleanup call for the €500 million 5.118% undated deeply subordinated fixed-to-reset rate perpetual non-call June 2021 bonds guaranteed by Solvay SA (ISIN: XS1323897485).

Holders tendered €457,877,000, or 91.8%, of the bonds under a recent tender offer.

The remaining outstanding bonds will be redeemed at par plus accrued interest on Sept. 14.

Solvay is a chemical company based in Brussels.

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