New Issue: LyondellBasell sells $1 billion of 4.2% 30-year notes at Treasuries plus 215 bps

By Devika Patel

Knoxville, Tenn., Sept. 26 – LYB International Finance III LLC, a subsidiary of LyondellBasell Industries NV (Baa1/BBB+), priced $1 billion of 4.2% 30-year notes on Thursday with a spread of Treasuries plus 215 basis points, according to an FWP filed with the Securities and Exchange Commission.

The notes priced at 98.488 to yield 4.29%.

Mizuho Securities USA Inc. and Wells Fargo Securities LLC were the bookrunners.

Proceeds will be used to repay debt under the company’s 364-day term loan.

The notes are guaranteed by the parent, a Houston-based chemical company with executive offices in London and incorporated in the Netherlands.

Issuer:	LYB International Finance III LLC
Guarantor:	LyondellBasell Industries NV
Description:	Notes
Amount:	$1 billion
Maturity:	Oct. 15, 2049
Bookrunners:	Mizuho Securities USA Inc., Wells Fargo Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
Co-managers:	Barclays, Credit Suisse Securities (USA) LLC, MUFG and SMBC Nikko Securities America, Inc.
Junior co-manager:	PNC Capital Markets LLC
Coupon:	4.2%
Price:	98.488
Yield:	4.29%
Spread:	Treasuries plus 215 bps
Call:	Make-whole call at Treasuries plus 35 bps until April 15, 2049, then a par call
Put:	At 101
Trade date:	Sept. 26
Settlement date:	Oct. 10
Ratings:	Moody’s: Baa1
	S&P: BBB+
Distribution:	SEC registered

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