Ratcliffe’s Ineos Markets New Bond After Boost From Iran War

Ineos Group, the heavily-indebted chemicals conglomerate helmed by Jim Ratcliffe, plans to raise €400 million ($468 million) from bonds to repay upcoming term loans.

The five-and-a-half year issue will repay all of the group’s senior secured term loans due in 2027 and a portion of the dollar loan due in 2028, according to a person familiar with the matter. The securities will be sold through Ineos Finance, one of the issuing entities for the broader Ineos Group, which specializes in chemicals like olefins and polymers.