05.03.2018 19:11:47
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Press Release: SIKA SUCCESSFULLY PLACES CHF 300 MILLION BOND
Sika AG / SIKA SUCCESSFULLY PLACES CHF 300 MILLION BOND. Processed and
transmitted by Nasdaq Corporate Solutions. The issuer is solely
responsible for the content of this announcement.
Sika AG today successfully placed a bond with a total amount of CHF 300
million through a double tranche. The payment date of the bonds is March
27, 2018. The bonds were placed under the lead management of UBS AG and
Credit Suisse AG. They will be listed on the SIX Swiss Exchange. The net
proceeds of the transaction will be used to support the growth strategy
of Sika, to serve the company's long-term, general financing, and for
acquisitions.
-- CHF 160 million bond 2018-2020 with a floating interest rate based on
3-month CHF LIBOR, paid quarterly. There is a minimum interest rate of
0.00% and a maximum interest rate of 0.05%. The bond was issued at
100.602%, which reflects a yield at launch of -0.30%.
-- CHF 140 million bond 2018-2026 with a fixed coupon of 0.60% per annum.
The bond was issued at 100.351% which reflects a yield of 0.555%.
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 100 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/2173725/838145.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
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Sika AG
Zugerstrasse 50 Baar Switzerland
WKN: 858573;ISIN: CH0000587979;
http://www.sika.com
(END) Dow Jones Newswires
March 05, 2018 13:12 ET (18:12 GMT)