Sasol to offer $750m of guaranteed convertible bonds

Petrochemicals giant Sasol will launch an offering of $750-million, or R13.6-billion, guaranteed senior unsecured convertible bonds on or around November 8, through an indirect wholly-owned subsidiary Sasol Financing. The net proceeds of the bonds, which are due in 2027, will be used for general corporate purposes and the refinancing of Sasol’s debt.

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