WE Soda debuts with dollar-denominated bond offering

Chicago, Sept. 25 – WE Soda Investments Holding plc is marking a debut in the bond market with a dollar-denominated benchmark transaction (B+/BB-), according to a market source.

Investor calls for the five-year notes start Monday.

The notes will have two years of call protection.

The company is exploring with investors possibly issuing a senior secured tranche that would have an eight-year tenor and three years of call protection.

BNP Paribas, Goldman Sachs International and JPMorgan will joint global coordinators and joint bookrunners for the Rule 144A and Regulation S offering.

WE Soda is the world’s largest producer of natural soda ash. The company is based in London, and the company’s parent company West End Soda is based in Turkey.

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