Credit rating
Find hereafter Solvay credit ratings, awarded by Standard & Poor’s & Moody’s, resulting from transparent and regular discussions with the leading rating agencies and a comprehensive analysis of all available information.
entity | Rating agency | Rating | Rating outlook | date | Additional comment |
Solvay SA | S&P | BBB- | Stable | 12/04/2024 | Solvay S.A. Ratings Lowered To 'BBB-/A-3' Following Partial Demerger Completion; Outlook Stable |
Bond issuance
Solvay capital structure consists of net debt and equity including perpetual hybrid bonds. Find here the nominal, coupon, maturity length of Solvay bonds as well as related documentation (prospectus, press releases etc). The majority of the bonds are listed on the Luxembourg Stock Exchange.
Nominal | Coupon | Maturity length | Initial maturity | ISIN Code | |
Fixed Rate Bonds | €750 million | 4.250% | 7.5 years | 2031 | |
Fixed Rate Bonds | €750 million | 3.875% | 4 years | 2028 |
Solvay SA bonds on the Luxembourg stock exchange
Prospectus
*fully repaid after the tender offer and clan-up call exercised in September 2020.
Issuer | Nominal | Coupon | Maturity | Redemption | |
Senior USD note | Cytec Industries Inc. | $196 million | 3.5% | 2023 | 2022 |
Senior EUR note | Solvay S.A. (Belgium) | €750 million | 1.625% | 2022 | 2022 |
Hybrid bond (equity IFRS) | Solvay Finance SA (France) | €500 million* | 5.12% | 2021 | 2020 |
Senior USD note | Solvay Finance (America) | $800 million | 3.40% | 2020 | 2019 |
Hybrid bond (equity IFRS) | Solvay Finance SA (France) | €700 million | 4.20% | 2019 | 2019 |
Hybrid bond (equity IFRS) | Solvay S.A. (Belgium) | €300 million | 4.25% | 2024 | 2023 |
Hybrid bond (equity IFRS) | Solvay S.A. (Belgium) | €500 million | 2.5% | 2025 | Transferred to Syensqo on 8th December 2023 |
Senior EUR note | Solvay S.A. (Belgium) | €500 million | 2.75% | 2027 | Transferred to Syensqo on 8th December 2023 |
Senior EUR note | Solvay S.A. (Belgium) | €600 million | 0.50% | 2029 | 2023 |
Hybrid bond (equity IFRS) | Solvay Finance S.A. (France) | €500 million | 5.425% | 2023 | 2023 |
Hybrid bond (equity IFRS) | Solvay Finance S.A. (France) | €500 million | 5.869% | 2024 | 2023 |
Senior USD note | Solvay Finance (America), LLC (US) | €800 million | 4.45% | 2025 | 2023 |
Senior USD note | Cytec Industries Inc. (US) | $163 million | 3.95% | 2025 | Transferred to Syensqo on 8th December 2023 |