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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

11/12/2023

Solvay S.A. Ratings Lowered To 'BBB-/A-3' Following Partial Demerger Completion; Outlook Stable

Syensqo

(SpecialtyCo)

Moodys

Baa1

stable

16/06/2023

 

 

Syensqo

(SpecialtyCo)

S&P

BBB+

stable

16/06/2023

Preliminary rating

Document

Rating Solvay SA

Document
Document

Rating Syensqo (SpecialtyCo)

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.  

 * Maturity to first call

 

Nominal

Coupon

Maturity length

Initial maturity

ISIN code

Hybrid bond (equity IFRS)

Notice

€300 million

4.25%

5.25 years

2024

Repaid on Dec 4, 2023

BE6309987400

Hybrid bond (equity IFRS)

Notice

€500 million

2.5%

5.5 years*

2025*

Transfer to SpecialtyCo

BE6324000858

Senior EUR note

Notice

€500 million

2.75%

12 years

2027

Transfer to SpecialtyCo

BE6282460615

Senior EUR note

Notice

€600 million

0.50%

10 years

2029

Repaid on Oct 9, 2023

BE6315847804

Solvay SA bonds on the Luxembourg stock exchange

Prospectus

Document

Prospectus Euro 300,000,000 Undated Deeply Subordinated Fixed to Reset Rate Perp-NC5.25 Bonds

Document

 

Document

Prospectus - FRN 2017 SENIOR BOND 2022 - 2027

Document

 

Document

Prospectus -Senior EUR note 2029

Document

 

Document

Prospectus 2025

Document

 

 * Maturity to first ca

 

Nominal

Coupon

Maturity length

Initial maturity

ISIN code

Hybrid bond (equity IFRS)

Notice

€500 million

5.425%

10 years*

2023*

Repaid on Nov 13, 2023

XS0992293901

Hybrid bond (equity IFRS)

Notice

€500 million

5.869%

8.5 years*

2024* 

Repaid on Sept 8 & 13, 2023

XS1323897725

Solvay Finance SA (France) on the Luxembourg stock exchange

Prospectus

Document

Prospectus - HYBRID BONDS 2021 - 2024

Document

 

Document

Prospectus-hybrid-bond

Document

 

Nominal

Coupon

Maturity length

Initial maturity

ISIN code

Senior USD note

Notice

€800 million

4.45%

10 years

2025

Repaid Nov 15, 2023

US834423AB16

Solvay Finance (America) on the Luxembourg stock exchange 

Prospectus

Document

Prospectus - SENIOR BONDS 2020 - 2025

Document

 

Nominal

Coupon

Maturity length

Initial maturity

Senior USD note

Notice

$163 million

3.95%

11 years

Transfer to SpecialtyCo

2025

Related press release

 *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

Senior USD note

Rhodia SA (France)

$400 million

6.88%

2020

2014

Hybrid bond (equity IFRS)

Solvay Finance SA (France)

€700 million

4.20%

2019

2019

Senior EUR note

Rhodia SA (France)

€500 million

7%

2018

2014

EMTN EUR note

Solvay SA (Belgium)

€500 million

4.625%

2018

2017/2018