OCP S.A., a global leader in the phosphate and fertilizer industry, has successfully raised an additional $300 million through a bond tap issue. This move follows authorization from the company’s Board of Directors on December 3, 2024, and leverages the provisions of EU Regulation 2017/1129. The tap issue mechanism allows issuers to raise additional funds within 12 months of an initial bond offering, capped at 30% of the original issue amount.
This additional issuance is tied to OCP’s $2 billion bond operation from May 2024. The new bonds match the terms of the previous issuance, divided into two tranches:
- $75 million maturing in 2034, with a 6.75% coupon.
- $225 million maturing in 2054, with a 7.50% coupon.
The bonds are listed on EURONEXT Dublin and have been assigned strong ratings by leading agencies:
- Fitch Ratings: BB+ (stable)
- Standard & Poor’s: BB+ (positive)
- Moody’s: Baa3 (stable)
This latest capital raise will support OCP’s ambitious investment program and general corporate needs. By securing these funds, OCP reaffirms its ability to attract global investor confidence despite the current economic challenges.
OCP remains a key player in the global agricultural development sector. Its ongoing projects aim to strengthen its market leadership while promoting sustainable growth and food security worldwide.
The company has consistently prioritized innovation, growth, and environmental responsibility. With this new funding, OCP underscores its long-term commitment to both financial and social sustainability.
