Syngenta plans roadshow for benchmark multi-tranche Rule 144A, Regulation S senior notes deal

By Cristal Cody

Tupelo, Miss., Sept. 6 – Syngenta AG (Ba2/BBB-/BBB) plans to hold a roadshow beginning Monday for a multi-tranche benchmark-sized dollar-denominated Rule 144A and Regulation S offering of senior notes with maturities up to 30 years, according to a news release.

The deal is expected to follow the series of fixed income investor meetings.

BNP Paribas, Citigroup, Credit Suisse, HSBC, MUFG and Santander are the arrangers.

Proceeds will be used mainly to refinance the bridge financing for ChemChina’s acquisition of Syngenta. Any remaining proceeds would be used for general corporate purposes at Syngenta.

Syngenta said it may use its $7.5 billion EMTN program for further issuances.

The agribusiness company is based in Basel, Switzerland.

ChemChina is the China National Chemical Corp., a Chinese state-owned chemical company based in Beijing.

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