15.04.2019 20:06:43
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Press Release: SIKA SUCCESSFULLY PLACES EUR 1,000 MILLION DUAL-TRANCHE BONDS
SIKA SUCCESSFULLY PLACES EUR 1,000 MILLION DUAL-TRANCHE BONDS
Sika Capital B.V. in the Netherlands, with a guarantee from Sika AG,
today successfully completed a dual-tranche bonds offering with a total
amount of EUR 1,000 million. The payment date of the bonds is April 29,
2019. The bonds were placed under the global coordination of Citigroup,
with Citigroup, UBS Investment Bank and Credit Suisse acting as joint
lead managers. The bonds are planned to be listed on the Irish Stock
Exchange ("Euronext Dublin"). Sika intends to use the net proceeds from
the bonds offering for the partial financing of the recently announced
acquisition of the Parex Group.
Key data:
-- EUR 500 million bond 2019-2027 with a fixed coupon of 0.875% per annum.
-- EUR 500 million bond 2019-2031 with a fixed coupon of 1.500% per annum.
CONTACT
Dominik Slappnig
Corporate Communications &
Investor Relations
+41 58 436 68 21
slappnig.dominik@ch.sika.com
https://www.globenewswire.com/Tracker?data=sysIyb0yP0YcdsIJtevpfu3bw-3MYN1gLTLFdW7CzqJGifNaRlxYGpAJ0L35h08MRJTme-IasyZoueBvKrzUrs2So0FjIXCqzcUpyFaPt-Gtunxecceg7dIkDmJSADN3
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 20,000
employees generated annual sales of CHF 7.09 billion in 2018.
The media release can be downloaded from the following link:
Attachment
-- Media Release
https://ml-eu.globenewswire.com/Resource/Download/6b2bef33-69cc-4e98-9c95-b747218a2052
(END) Dow Jones Newswires
April 15, 2019 14:07 ET (18:07 GMT)
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