U.S. Markets open in 7 hrs 18 mins
  • S&P Futures

    3,700.00
    +30.00 (+0.82%)
     
  • Dow Futures

    29,550.00
    +207.00 (+0.71%)
     
  • Nasdaq Futures

    11,421.25
    +105.00 (+0.93%)
     
  • Russell 2000 Futures

    1,681.10
    +18.60 (+1.12%)
     
  • Crude Oil

    77.68
    +0.97 (+1.26%)
     
  • Gold

    1,641.90
    +8.50 (+0.52%)
     
  • Silver

    18.58
    +0.10 (+0.51%)
     
  • EUR/USD

    0.9651
    +0.0039 (+0.4053%)
     
  • 10-Yr Bond

    3.8780
    0.0000 (0.00%)
     
  • Vix

    32.26
    +2.34 (+7.82%)
     
  • GBP/USD

    1.0799
    +0.0116 (+1.0831%)
     
  • USD/JPY

    144.4280
    -0.2520 (-0.1742%)
     
  • BTC-USD

    20,176.27
    +1,371.68 (+7.29%)
     
  • CMC Crypto 200

    461.29
    +28.19 (+6.51%)
     
  • FTSE 100

    7,020.95
    +2.35 (+0.03%)
     
  • Nikkei 225

    26,568.61
    +137.06 (+0.52%)
     

Solvay announces the early redemption of senior bonds on the back of record results

·1 min read
Solvay S.A.
Solvay S.A.

 

Brussels, August 5, 2022 - before market opening -- Solvay has decided to exercise its residual maturity call option on the 2022 €-senior bonds 1.625%, ISIN BE6282459609 (outstanding of €377.5 million out of the initial amount of €750 million) as soon as possible. Such exercise will be implemented in accordance with the terms and conditions of the related prospectus (see the notice).

Karim Hajjar, CFO of Solvay, commented: “This early redemption, on the back of yet another record set of results, gives us the opportunity to further improve our balance sheet. Since 2019, we have structurally improved cash generation and strongly deleveraged Solvay’s balance sheet, and this equips us to confront turbulent times with confidence. ”

 

Attachment