Ineos Bonds Rise on Report Firm Nears New Financing
Construction at an Ineos chemical plant in Antwerp.
Photographer: Jonas Roosens/AFP/Getty ImagesIneos’s bonds rose on Wednesday as the chemicals giant is reportedly close to a deal to shore up its cash position and address a bond due in little less than a year.
The price of bonds issued by Ineos Quattro Holdings due in January 2027 rose to above 98 cents on the euro, adding more than 2 cents, after credit publication Debtwire reported on the financing plan this week. Other bonds issued by the same entity due in 2030 gained 5 cents, their biggest jump since they were issued in October 2024, according to prices compiled by Bloomberg. Ineos Finance bonds due in 2031 gained around 3 cents to about 85.