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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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