Commentary & Deal Flow

OCP S.A. (“OCP”), rated Baa3 (Stable) by Moody’s, BB+ (Positive) by S&P and BB+ (Stable) by Fitch, a global leader in the fertilizer industry, has mandated Citi and J.P. Morgan as Joint Global Coordinators and Active Bookrunners to arrange a series of virtual fixed income investor calls starting on Tuesday, 22 April 2025. A pre-recorded Investor Presentation with voice-over will be made available on DealRoadshow. Citi is coordinating logistics.

A benchmark USD-denominated Rule 144A/Reg S senior unsecured bond offering consisting of a 5-year tranche and a long 10-year tranche, expected to be rated Baa3 by Moody’s, BB+ by S&P and BB+ by Fitch, may follow – subject to market conditions. BNP PARIBAS, Deutsche Bank, Mizuho and SMBC have been appointed as Passive Bookrunners.

FCA/ICMA stabilisation applies.