By Marisa Wong
Los Angeles, May 13 – Equate Petrochemical Co. KSCC priced $1 billion of five-year bonds and $600 million of 10-year bonds through subsidiary MEGlobal Canada ULC, according to a notice.
The fixed-rate notes were sold at par. Other pricing details were not immediately available.
Equate and Kuwait Olefins Co. KSCC are guarantors for the issue, as previously reported.
J.P. Morgan Securities plc, Citi, MUFG, NBK Capital, FAB, HSBC, Mizuho and SMBC Nikko are the bookrunners.
Equate is an Ahmadi, Kuwait-based petrochemical company that is 85% owned by Petrochemical Industries Co. and Dow Chemical.
| Issuer: | MEGlobal Canada ULC
|
| Issue: | Fixed-rate notes
|
| Amount: | $1.6 billion
|
| Bookrunners: | J.P. Morgan Securities plc, Citi, MUFG, NBK Capital, FAB, HSBC, Mizuho and SMBC Nikko
|
| Price: | Par
|
| Listing: | Euronext Dublin
|
|
|
| Five-year bonds
|
| Amount: | $1 billion
|
| Maturity: | Five years
|
|
|
| 10-year bonds
|
| Amount: | $600 million
|
| Maturity: | 10 years
|
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