Clariant AG: Clariant successfully places EUR 300 million of certificates of indebtedness
Dienstag, 07.04.2015 07:05 von GlobeNewswire
Clariant AG / Clariant AG: Clariant successfully places EUR 300 million of certificates of indebtedness . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
Muttenz, April 07, 2015 - Clariant, a world leader in specialty chemicals, announced today the issuance of totally EUR 300 million in the German market for certificates of indebtedness ("Schuldschein"). The four certificates have a term of 5 years (EUR 150 million) respectively 8 years (EUR 150 million) each with fix or float coupons.
The interest to be paid for the certificates of indebtedness is based on six months Euribor (variable tranche) or mid-swap (fixed tranche), respectively, plus a credit margin premium (spread). Total interest costs per tranche are between 1.1% and 1.6% p.a. at present.
Clariant has further improved its debt maturity profile with the issuance of these certificates. The proceeds are for general corporate purposes and refinancing.
Joint arrangers of the very successful issue were Bayerische Landesbank and Landesbank Baden-Württemberg.
| Corporate Media Relations | Investor Relations |
| Carsten Seum Phone +41 61 469 63 63 carsten.seum@clariant.com | Siegfried Schwirzer Phone +41 61 469 67 49 siegfried.schwirzer@clariant.com |
| Stefanie Nehlsen Phone +41 61 469 63 63 stefanie.nehlsen@clariant.com | Marco Ferraro Phone +41 61 469 64 11 marco.ferraro@clariant.com |
| www.clariant.com Clariant is a globally leading specialty chemicals company, based in Muttenz near Basel/Switzerland. On December 31, 2014 the company employed a total workforce of 17 003. In the financial year 2014, Clariant recorded sales of CHF 6.116 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis & Energy, Natural Resources, and Plastics & Coatings. Clariant's corporate strategy is based on five pillars: increase profitability, reposition portfolio, add value with sustainability, foster innovation and R&D, and intensify growth. | |
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Clariant AG via Globenewswire
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Clariant AG
Rothausstrasse 61 Muttenz 1 Switzerland
ISIN: CH0012142631;