Ineos to Issue Bonds to Raise Cash

Ineos will raise funds through a bond issue, despite disturbance in the global money markets. The issue is intended to raise cash to refinance existing debt, Ineos says. The company announced plans to issue bonds in March to pay down debt. Ineos will offer a two-part bond issue, due in 2015. The aggregate principal amount is €740 million ($945 million): $570 is priced at 9%, and €300 million is priced at 9.25%  "The market is clearly encouraged by the recent performance reported by the company and its delivery ahead of its business plan,"...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers