Arkema Issues €400 Million Undated Hybrid Bond

Arkema, a leader in specialty materials, has successfully issued a €400 million undated hybrid bond. This bond comes with an annual coupon of 4.25% and has the first call date after five years. The proceeds from this issuance will primarily finance the refinancing of one of the company's existing hybrid bonds, valued at €300 million, with a call date set for January 21, 2026.

This strategic move allows Arkema to diversify its financing resources. The company, known for its expertise in materials science, aims to drive its growth by focusing on specialty materials. Its key segments, which include Adhesive Solutions, Advanced Materials, and Coating Solutions, represent 92% of its sales in 2024.