SIKA SUCCESSFULLY PLACES CHF 400 MILLION BOND
Sika today successfully placed a bond with a total amount of CHF 400 million through a dual tranche. The payment date of the bonds is May 28, 2024. The bonds were placed under the lead management of BNP Paribas, UBS and Zürcher Kantonalbank. They will be listed on the SIX Swiss Exchange.
-- CHF 200 million bond May 2024 -- November 2029 (5.5 years) with a fixed
coupon of 1.65% per annum. The bond was issued at 100.042% which reflects
a yield of 1.6425%.
-- CHF 200 million bond May 2024 -- May 2033 (9 years) with a fixed coupon
of 1.875% per annum. The bond was issued at 100.371% which reflects a
yield of 1.8299%.
The net proceeds of the transaction will be used for general corporate purposes, including refinancing of existing financial indebtedness.
SIKA CORPORATE PROFILE
Sika is a specialty chemicals company with a globally leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protection in the building sector and automotive industry. Sika has subsidiaries in 103 countries around the world and, in over 400 factories, produces innovative technologies for customers worldwide. In doing so, it plays a crucial role in enabling the transformation of the construction and vehicle industries toward greater environmental compatibility. With more than 33,000 employees, the company generated sales of CHF 11.2 billion in 2023.
CONTACT
Dominik Slappnig
Corporate Communications &
Investor Relations
+41 58 436 68 21
slappnig.dominik@ch.sika.com https://www.globenewswire.com/Tracker?data=Qnv1DZlmahTY7SqmWC7P4fMFRo5-ztVWSVEV2ApYRNF4LrrxyBlmWaTXki65E3TjYT1x8Y7OlB1IRj6sdvmHsUxZMeqyyTVK5lQD_BknihzRbiFxndli-rb8tpcbcSlO
The media release can be downloaded from the following link:
Media Release https://www.globenewswire.com/Tracker?data=Fhiq-e5Zbn5mcK_7iXc7x4aLxvEJhUhF3ze3lwWagqMSKzyyncXkiWBOkKNFIPihZBEZ1M-vFbNRUy44G37cUAipBBHh7DuQewoKn_u6N6sEFP7jPhYgJLqItIPRX1zgGZSc4o14njPUAh4erXWIVIW2xGNDy6rvZs1tuKUwXDQ=
(END) Dow Jones Newswires
May 13, 2024 13:36 ET (17:36 GMT)