OCP S.A. (OCP), rated BB+ (Stable) by S&P and BB+ (Stable) by Fitch, US$1.5bn 144A/Reg S 2-part sr notes (10y due 6/23/31 and 30y due 6/23/51). Barc/BNP/JPM (B&D) joint lead managers. 3mo par call on 10y and 6mos on 30y. List Euronext Dublin. English Law. UOP: Financing of the Tender Offers and general corporate purposes. Pricing 6/10. Settle 6/23 (T+9). IPTs: 10y MS+275 area, 30y MS+375 area.
PRICED:$750m 3.75% 6/23/31 99.365 3.872% T+237.5 (MS+240).$750m 5.125% 6/23/51 98.241 5.242% T+308.1 (MS+340).
OCP S.A. (“OCP”), rated BB+ (Stable) by S&P and BB+ (Stable) by Fitch, a global leader in the fertilizer industry, has mandated Barclays, BNP Paribas and J.P. Morgan to arrange a series of fixed income investor calls commencing on Tuesday 8th June 2021. A benchmark USD-denominated Rule 144A/Reg S senior unsecured dual-tranche bond offering consisting of 10- and 30-year tranches, expected to be rated BB+ by S&P and BB+ by Fitch, may follow – subject to market conditions. FCA/ICMA stabilisation applies.
In addition, OCP has announced an invitation to purchase for cash up to USD 1,000 million of its outstanding U.S.$1,250,000,000 5.625 per cent. Notes due 2024 and U.S.$1,000,000,000 4.500 per cent. Notes due 2025, subject to the successful settlement of the Offering and other conditions described in the Tender Offer Memorandum dated 8thJune 2021. Barclays, BNP Paribas and J.P. Morgan are appointed as Joint Dealer Managers. For further information on the offer, holders should (subject to offer and distribution restrictions) refer to the Tender Offer Memorandum.