03.07.2018 17:59:49
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Press Release: SIKA SUCCESSFULLY PLACES CHF 550 MILLION TRIPLE-TRANCHE BONDS
Sika AG / SIKA SUCCESSFULLY PLACES CHF 550 MILLION TRIPLE-TRANCHE BONDS
. Processed and transmitted by Nasdaq Corporate Solutions. The issuer is
solely responsible for the content of this announcement.
Sika AG today successfully completed a triple-tranche bonds offering
with a total amount of CHF 550 million. The payment date of the bonds is
July 12, 2018. The bonds were placed under the lead management of UBS
AG. They will be listed on the SIX Swiss Exchange. Sika intends to use
the net proceeds from the bond offering mainly to refinance the recently
announced acquisition of its own shares from Compagnie de Saint-Gobain,
and for general corporate purposes.
Key data of the placement:
-- CHF 170 million bond 2018-2021 with a fixed coupon of 0.125% per annum.
The bond was issued at 100.285% which reflects an investor yield of
0.0300%.
-- CHF 250 million bond 2018-2024 with a fixed coupon of 0.625% per annum.
The bond was issued at 100.515% which reflects an investor yield of
0.5375%.
-- CHF 130 million bond 2018-2028 with a fixed coupon of 1.125% per annum.
The bond was issued at 101.112% which reflects an investor yield of
1.0075%.
CONTACT
Dominik Slappnig
Corporate Communications &
Investor Relations
+41 58 436 68 21
slappnig.dominik@ch.sika.com
SIKA CORPORATE PROFILE
Sika is a specialty chemicals company with a leading position in the
development and production of systems and products for bonding, sealing,
damping, reinforcing and protecting in the building sector and motor
vehicle industry. Sika has subsidiaries in 101 countries around the
world and manufactures in over 200 factories. Its more than 18,000
employees generated annual sales of CHF 6.25 billion in 2017.
The media release can be downloaded from the following link:
Media release: http://hugin.info/100359/R/2202990/854646.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Sika AG via Globenewswire
--- End of Message ---
Sika AG
Zugerstrasse 50 Baar Switzerland
WKN: 858573;ISIN: CH0000587979;
http://www.sika.com
(END) Dow Jones Newswires
July 03, 2018 12:00 ET (16:00 GMT)
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