All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
LevFinLevFin High Yield Bonds

Synthomer preps bond to take out Omnova bridge

Chemicals firm Synthomer is marketing a €520m five year non-call two bond to take out the bridge financing for its purchase of US firm Omnova, announced last July and completed in April. The company’s last outing in high yield ended in failure in 2018, and some bond buyers see chemicals as a cyclical sector to avoid, but market conditions are strong following the US Federal Reserve's opening of individual bond purchases overnight.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree