by Chris Reich
Apr 21, 2021 2:13 PM ET
EQUATE Petrochemical B.V. (EQPTRC) exp Baa2/BBB, guaranteed by EQUATE Petrochemical Company K.S.C.C and The Kuwait Olefins Company K.S.C.C., US$700m 144A/Reg S 7y sr notes due 4/28/28. MWC (T+25) then 3mos par call. Citi/JPM (B&D)/MUFG/NBK (JGCs)/BNP/HSBC/Miz/SMBC Nikko/SCB (JBRs). List Euronext Dublin, Global Exchange Market. English Law. Stabilisation FCA / ICMA Applies. Pricing 4/21. Settle 4/28 (T+5).
IPTs: T+170 area.
GUIDANCE: T+150-155. Orderbook in excess of $2.3bn (ex JLM). Books going subject 09.00 NYT / 14.00 UKT.
LAUNCHED: $700m 7y at CT7+140. Orderbook went subject >$3.6bn (ex JLM).
PRICED: $700m 2.625% 4/28/28 99.898 2.641% T+140. MW+25.