Brussels, April 25, 2016, 08:00 --- Solvay announces today that its subsidiary Solvay Finance SA will exercise its first call option on its €500 million hybrid bond (ISIN code: XS0254808214, Common code 025480821) after having notified the Luxembourg Stock Exchange, where the bond is listed, as well as the bondholders. This bond, maturing in 2104 and bearing an annual interest rate of 6.375% in the first ten years, is classified as long-term financial debt under IFRS rules. Its repayment is due on June 2, 2016.
" Solvay proactively manages its capital structure to optimize asset efficiency while maintaining liquidity at appropriate levels and reducing net interest charges, " said Karim Hajjar, Chief Financial Officer of Solvay.
|An international chemical and advanced materials company, Solvay assists its customers in innovating, developing and delivering high-value, sustainable products and solutions which consume less energy and reduce CO2 emissions, optimize the use of resources and improve the quality of life. Solvay serves diversified global end markets, including automotive and aerospace, consumer goods and healthcare, energy and environment, electricity and electronics, building and construction as well as industrial applications. Solvay is headquartered in Brussels with about 30,900 employees spread across 53 countries. It generated pro forma net sales of € 12.4 bn in 2015, with 90% made from activities where it ranks among the world's top 3 players. Solvay SA ( SOLB.BE ) is listed on Euronext in Brussels and Paris (Bloomberg: SOLB.BB - Reuters: SOLB.BR ).|
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