Clariant successfully issues EUR 500 million EurobondMuttenz, January 17, 2012 – Today, Clariant successfully priced an Eurobond transaction of EUR 500 million with a tenor of 5 years, issued by Clariant Finance (Luxembourg) S.A. and guaranteed by Clariant Ltd.
The fixed rate notes with a minimum denomination of EUR 100,000 and a final coupon of 5 ⅝ % p.a. are maturing on January 24, 2017. The orderbook was significantly oversubscribed on the back of strong investor demand. Clariant has applied for listing of the notes with the London Stock Exchange. BNP Paribas, Citigroup and UniCredit acted as Joint Book Runners on this transaction.
The proceeds are to be used for general corporate purposes so optimizing Clariant’s debt maturity profile. After two CHF-Bond issuances (total of CHF 300 million) in May and July 2011 and the placement of a total of four German Certificates of Indebtedness (total of EUR 390 million) in October 2011 including an increase in early January 2012, this bond issuance is the third successful financing step in the debt capital markets over the last nine months.
Clariant is an internationally active specialty chemical company based in Muttenz near Basel. The group owns over 100 companies worldwide and employed approx. 16,200 employees as of December 31, 2010. In the financial year 2010, Clariant produced a turnover in excess of CHF 7.1 billion. Clariant is divided into twelve business units: Additives; Catalysis & Energy; Detergents & Intermediates; Emulsions; Functional Materials; Industrial & Consumer Specialties; Leather Services; Masterbatches; Oil & Mining Services; Paper Specialties; Pigments; Textile Chemicals.
Josina van der Velden
Bergen op Zoom
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Clariant successfully issues EUR 500 million Eurobond here
News-ID: 207402 • Views: 1785
More Releases from Clariant International Ltd
Clariant Innovation Center Cornerstone Laid at Industriepark Höchst for 500 New …
- Finance Minister Thomas Schäfer: Investment brings major benefits - Christian Kohlpaintner: 100 million euros to provide optimal conditions for sustainable, successful research Muttenz / Frankfurt, February 29, 2012 - The cornerstone of the new 100-million-euro Clariant Innovation Center was officially laid during a ceremony today at the Industriepark Höchst in Frankfurt. Attending the event were Hessen State Finance Minister Thomas Schäfer; Clariant Executive Committee member Christian Kohlpaintner; and Ulrich Ott, Managing
Clariant’s EasyWhite Tan process — leaner, cleaner and safer
Muttenz, November 14, 2011 - Specialty chemicals expert Clariant is offering tanners the first viable scientific and commercial option to traditional tanning methods in some 125 years with the global launch of EasyWhite Tan. The first major advance since the advent of chrome-based tanning revolutionized the industry back in the late 1800s, the new EasyWhite Tan process delivers a ground-breaking alternative to conventional methods based on metals (such as chrome, which
Clariant Strengthens Presence in China with Opening of its First Ethoxylation Pl …
Muttenz/ Shanghai, November 1, 2011 - Clariant, the Swiss leading specialty chemicals company, announced the inauguration of its ethoxylation plant in Daya Bay at Huizhou, Guangdong Province, China today. The plant not only benefits customers with local production but also brings global know-how and technology in product development to the local market. Construction of the plant is pivotal to Clariant’s global strategy on further developing the emerging markets. The plant in
Clariant strengthens Asian presence
New Singapore Headquarters for South East Asia & Pacific New Textile Chemicals Headquarters and application lab First Asian Clariant ethoxylation plant in Dayabay, China Muttenz/Singapore, November 1, 2011 - The Swiss-based specialty chemicals company Clariant announces the opening of its new Regional Headquarters for South East Asia & Pacific and its new Global Textile Chemicals headquarters, both located in Singapore. Today Clariant is also celebrating the inauguration of its newly built ethoxylation plant
More Releases for January
Ordorite software exhibits in January Furniture Show, NEC Birmingham on 19-22 Ja …
Ordorite is delighted to exhibiting at the January Furniture Show at National Exhibition Center in Birmingham. This is going to be an event where serious buyers and exhibitors come together to do business in the heart of the UK. It is being seen industry’s most important and comprehensive event. Ordorite furniture retail software is the all-in-one retail management software specifically built and designed to help furniture and bedding retailers manage all
Knicker Locker's Big January Sale
Knicker Locker will be having some fantastic online offers starting from the 1st January 2019. As part of our January sale, we will have up to 40% off seasonal lingerie including brands, Huit, Freya and Wacoal. This includes camisoles, basques, mastectomy bras and sports bras. We will also be offering a clearance sale with up to 50% off all our gorgeous nightwear collection and even up to 40% off designer swimwear just
Aspose.Newsletter January 2018: Holidays Offer on Aspose.Total will End 31st Jan …
UK House Prices Drop in January
House prices dropped by 0.2 per cent in January according to Nationwide’s latest house price index. The average house price is £162,228 and the decrease in property prices follows the second monthly fall in a row after a 0.2% fall was recorded in December 2011. However house prices remain 0.6% higher than they did a year ago. Possible lessening numbers of homes coming onto market means prices are likely to drop
TheMoveChannel.com's Investment Property Watch - January 2008
Prime real estate in emerging locations was the flavor of the month in December on TheMoveChannel.com, with some unusual destinations dominating the top 10 list of investment properties on the site. December’s top ten makes interesting reading, as it shows that prospective investors are fearlessly ignoring established markets like France and Spain, broadening their horizons and scouring far flung destinations for their next big property investment. With Bulgaria’s newly anointed position as
Analytiqa: Logistics Bulletin: Friday 26th January
This week\'s Logistics Bulletin reports on joint ventures and M&A activity from across the globe. Kerry Logistics and TALKE Logistic Services have signed a joint venture agreement to provide a full range of specialist chemical logistics services throughout mainland China. In the US, Swift Transportation is to be acquired in an all-cash transaction valued at approximately US$2.74 billion. Swift operates the largest truckload fleet in the US with over 17,900