Solvay SA (SOLB)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	MTRL	PRCD	SOLB	Solvay SA	€1,500		2	EMEA	Mar 26, 2024

Tranche #1Solvay SA

currency

EUR

size (m)

750.000

maturity

Apr 3, 2028

type

Fixed

tenor

4.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB-

fitch

size description

re-open/tap

ipt

MS+155 a

ipt-pxd

guidance

MS+125 a

spread

115

coupon

3.875%

spread set

price

99.74600

yield

3.945%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Solvay SA

currency

EUR

size (m)

750.000

maturity

Oct 3, 2031

type

Fixed

tenor

7.500

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB-

fitch

size description

re-open/tap

ipt

MS+205 a

ipt-pxd

guidance

MS+175 a

spread

165

coupon

4.250%

spread set

price

99.78900

yield

4.287%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

4 yr: Registration: Reg S Only; Comments: EUR750m 4yr(4/3/2028) cpn 3.875% at 99.746, yld 3.945%. Spread: MS+115bps/B+152.1. MWC: B+25bps. Par Call: 2m. DBR 0.5 02/15/28. CoC: Yes. Clean-up Call: 75%. LEI: 549300MMVL80RTBP3O28; 7.5 yr: Registration: Reg S Only; Comments: EUR750m 7.5yr(10/3/2031) cpn 4.25% at 99.789, yld 4.287%. Spread: MS+165bps/B+201.1. MWC: B+30bps. Par Call: 3m. DBR 0 08/15/31. CoC: Yes. Clean-up Call: 75%. LEI: 549300MMVL80RTBP3O28;

Use of Proceeds

Refinancing and general corporate purposes

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