Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 04-12-2013 | Practice Area: | Debt Capital Markets |
| Deal Title: | Solvay Finance Undated Deeply Subordinated Bonds Issuance | Industry: | Chemicals |
| Description: |
Clifford Chance Paris advised the lead managers (BNP Paribas, Credit Suisse, Goldman Sachs International, HSBC and ING) on the issue of Euro 1,200,000,000 (in two tranches) hybrid undated deeply subordinated bonds by Solvay Finance.
The issued bonds are listed on the Luxembourg Stock Exchange as from 12 November 2013 and are intended to be accounted for as equity of the Solvay Group under IFRS, and to benefit from 50 per cent equity credit from the rating agencies.
The Clifford Chance team comprised Cedric Burford (partner) and Aileen O'Riordan.
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| Financial Center: | Paris | Value: | 1000.01-5000.00 |
| Advised Party: | Lead Manager | Law Firm | Clifford Chance |
| Issuer Jurisdiction | France | Listing Jurisdiction | France |
| Classification: |
Corporate Bonds Subordinated Debt |
Lawyer | Cedric Burford |
