05/03/2018
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%.