Published on 1/18/2024 in the Prospect News Emerging Markets Daily.
New Issue: Hanwha TotalEnergies Petrochemical sells $400 million 5˝% notes due 2029
By Marisa Wong
Los Angeles, Jan. 18 – Hanwha TotalEnergies Petrochemical Co., Ltd. issued $400 million of 5˝% notes due July 18, 2029 (BBB/BBB), according to a Singapore Exchange listing notice.
The company plans to use the proceeds for general corporate purposes, according to Moody’s Investors Service.
Hanwha is a Korean petrochemicals manufacturer.
Issuer: | Hanwha TotalEnergies Petrochemical Co., Ltd.
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Amount: | $400 million
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Issue: | Notes
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Maturity: | July 18, 2029
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Coupon: | 5˝%
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Issue date: | Jan. 18
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Listing date: | Jan. 19
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Ratings: | Moody’s: BBB
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| S&P: BBB
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ISIN: | XS2740446757
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