Short Sellers Ramp Up Bond Wagers Against Jim Ratcliffe’s Ineos

Short sellers have begun targeting debt issued by Ineos, as the chemicals giant owned by billionaire Jim Ratcliffe gets pulled into broader concerns about the sector.

Wagers against a €800 million bond — issued by a unit of the firm and maturing in 2031 — have soared to 20% of the issue value as of Monday from almost nothing in late September when it began trading, according to data compiled by S&P Global Market Intelligence.