Ineos Said to Be Paying Off Junk-Rated Debt

Ineos Group Holdings is preparing to sell a billion euros worth of bonds in euros and dollars now that borrowing costs of junk-rated debts have fallen to record lows in Europe, the news agency Bloomberg has reported.

The international petrochemicals giant is marketing five-year senior notes to repay all of its outstanding euro-denominated bonds scheduled to come due in 2016, the news agency quotes sources as saying. The average yield on speculative-grade bonds in euros fell four basis points to 4.7%, according to Bank of America Merrill Lynch data.

Another high-yield borrower seeing to raise debt in Europe, according to Bloomberg, is Innovia Films, a manufacturer of cellulosic packaging film acquired by Arle Capital Partners in 2004. Bloomberg said the company began meeting European investors in mid-February to market €340 million worth of six-year floating-rate notes.

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

CHEManager Spotlight

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics
Creating Interfaces

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics

CHEManager Spotlight is an exclusive event tailored for practitioners and decision-makers in the chemical industry. This part of our event series delves into the latest trends and innovations in logistics to streamline your operations and drive efficiency.