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Largest PP producer LyondellBasell issues $1.5bn of bonds
Jul '13
LyondellBasell Industries N.V. announced that LYB International Finance B.V., its wholly-owned subsidiary, priced its public offering of $750 million aggregate principal amount of 4% Guaranteed Notes due 2023 and $750 million aggregate principal amount of 5.25% Guaranteed Notes due 2043 (collectively, the "Notes").

The Notes are fully and unconditionally guaranteed by LyondellBasell Industries. The offering is expected to close on July 16, 2013, subject to customary closing conditions.  The proceeds of the offering are expected to be used for general corporate purposes, including repurchases of LyondellBasell Industries' ordinary shares.

J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the joint book-runners for this offering.

LyondellBasell is one of the world's largest plastics, chemical and refining companies.  LyondellBasell manufactures products at 58 sites in 18 countries.  LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive parts, home furnishings, construction materials and biofuels.


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