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CREDIT UPDATE: Arkema: AKEFP 2.75% Hybrid

CREDIT UPDATE
  • Arkema:  AKEFP 2.75% Hybrid now has less than 30 days to the Reset date
  • The window to call FR0013425170 was 60-30 days before 17th Sep 2024.
  • If Arkema has notified Euroclear, then the bond will Redeem at Par on 17th Sept.
  • If not, the coupon will step to EUSA5 + 286.5bps ~ 5.35%
  • There is no notice on Bloomberg. That does not mean that the bond has not been called.  Euroclear will have the information.
  • We have contacted Arkema for verification either way.

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