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Financials

Debt and credit rating

Credit rating

Find hereafter Syensqo 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

Syensqo

(SpecialtyCo)

Moodys

Baa1

stable

11/12/2023

 

 

Syensqo

(SpecialtyCo)

S&P

BBB+

stable

11/12/2023

 

Liquidity reserves

At the end of 2023, Syensqo’s liquidity amounts to €2.8 billion including €1.2 billion of cash and cash equivalents on the statement of financial position and €1.6 billion undrawn revolving credit facilities (€1.4 billion syndicated and €0.2 billion bilateral, all are multi-year). In addition, Syensqo has access to a Belgian Treasury Bill program for €1.0 billion (no outstanding balance on December 31, 2023). The program is covered by back-up credit lines.

Bond issuance

Syensqo capital structure consists of net debt and equity. Find here the nominal, coupon, maturity length of Syensqo bonds as well as related documentation (prospectus). The majority of the bonds are listed on the Luxembourg Stock Exchange.  
 
 IssuerNominalCouponMaturityRedemption
Senior USD noteCytec Industries Inc.
(US)
$163 million3.95%2025Notice of early redemption in full given on December 18, 2024. The redemption date will be February 1, 2025.
Hybrid bond
(equity IFRS)
Syensqo SA
(Belgium)
€500 million2.5%2025Transferred to Syensqo on 9th December 2023
Senior EUR noteSyensqo SA
(Belgium)
€500 million2.75%2027Transferred to Syensqo on 9th December 2023
Senior USD noteSolvay Finance (America), LLC
(US)
$600 million5.65%2029Issued on June 4, 2024
Senior USD noteSolvay Finance (America), LLC
(US)
$600 million5.85%2034Issued on June 4, 2024