in this issue
Regions :: Western Europe :: Switzerland
LyondellBasell’s European Unit Misses Interest Payment
10:56 PM MST | February 19, 2009 | Kara Sissell
LyondellBasell’s says its European operations missed a bond interest payment earlier this week, but the company has a 30-day grace period before it falls into default. The company would not comment on whether or when it intends to make the bond payment, but says there are a number of legal issues that have to be resolved prior to the grace period expiration in mid March. The missed payment comes after LyondellBasell’s U.S. division had secured a temporary restraining order preventing any of the company’s creditors from taking legal action...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be: