p>Rhodia SA, the French maker of plastics and perfume ingredients, may sell $400 million of 10- year notes to extend its average debt maturities, the company said in an e-mailed statement.
The notes may be sold as soon as tomorrow at a yield of about 7 percent, according to a person familiar with the offering who declined to be identified because terms aren t set.
Proceeds will be used to redeem some of Rhodia s outstanding floating-rate notes maturing in 2013, the Paris- based company said in the statement.
Credit Suisse Group AG and Credit Agricole SA are managing the sale, the person said.
Moody s Investors Service grades the notes B1 and Standard & Poor s ranks them BB, two steps higher, the rating companies said today in separate statements.
China Chemical Weekly: http://news.chemnet.com/en/detail-1411716.html
