Skip to main content

Debt & credit rating

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

Document

Rating Solvay SA

Document

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

NOTICE

$750 million

4.250%

7.5 years

2031

BE6350792089

Fixed Rate Bonds

NOTICE

$750 million

3.875%

4 years

2028

BE6350791073

Solvay SA bonds on the Luxembourg stock exchange

Prospectus

Document

Rosa Solvay 2024 Senior Bonds - IM

Document

 *fully repaid after the tender offer and clan-up call exercised in September 2020.

 

Issuer

Nominal

Coupon

Maturity

Redemption

Senior USD noteCytec Industries Inc.$196 million3.5%20232022
Senior EUR noteSolvay S.A. (Belgium)€750  million1.625%20222022

Hybrid bond (equity IFRS)

Solvay Finance SA (France)

€500 million*

5.12%

2021

2020

Senior USD noteSolvay Finance (America)$800 million3.40%20202019

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