Sasol : Prices $1.50 Billion Note Offering

By Adria Calatayud

Sasol Ltd. said Friday that it has priced an offering of U.S. dollar-denominated notes worth $1.50 billion in aggregate that will be used for partial repayment of an outstanding revolving credit line.

The South Africa-based petrochemical and energy company said $650 million of senior notes due 2026 will bear an interest rate of 4.375% a year, while $850 million of senior notes due 2031 will bear an interest rate of 5.50% a year.

The total order book amounted to around $4.60 billion, which represents an oversubscription of more than three times the size of the offering, Sasol said.

Write to Adria Calatayud at [e-mail]

(END) Dow Jones Newswires

03-12-21 0121ET