Syensqo exercises the first call option to redeem €500 million hybrid Bonds

Core Points - Syensqo SA has decided to exercise its first call option to redeem €500 million of its hybrid bonds, specifically the Undated Deeply Subordinated Fixed-to-Reset Rate Perpetual NC5.5 Bonds [1][2] - The bonds carry an annual coupon of 2.5% and are classified as equity under IFRS standards, with repayment scheduled for December 2, 2025 [2] - This action reflects Syensqo's commitment to disciplined financial management and aims to enhance the efficiency of its capital structure while maintaining a strong investment-grade profile [3] Company Overview - Syensqo is a science company focused on developing innovative solutions that improve various aspects of life, work, travel, and play, with a global workforce of over 13,000 associates across 30 countries [3][4] - The company's solutions contribute to safer, cleaner, and more sustainable products in multiple sectors, including homes, food, consumer goods, transportation, and healthcare [4]