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Monday 15 April, 2019

Sika AG

SIKA SUCCESSFULLY PLACES EUR 1,000 MILLION DUAL-TRANCHE BONDS

SIKA SUCCESSFULLY PLACES EUR 1,000 MILLION DUAL-TRANCHE BONDS

SIKA SUCCESSFULLY PLACES EUR 1,000 MILLION DUAL-TRANCHE BONDS

Sika Capital B.V. in the Netherlands, with a guarantee from Sika AG, today successfully completed a dual-tranche bonds offering with a total amount of EUR 1,000 million. The payment date of the bonds is April 29, 2019. The bonds were placed under the global coordination of Citigroup, with Citigroup, UBS Investment Bank and Credit Suisse acting as joint lead managers.  The bonds are planned to be listed on the Irish Stock Exchange ("Euronext Dublin"). Sika intends to use the net proceeds from the bonds offering for the partial financing of the recently announced acquisition of the Parex Group.

Key data: 

  • EUR 500 million bond 2019-2027 with a fixed coupon of 0.875% per annum.
  • EUR 500 million bond 2019-2031 with a fixed coupon of 1.500% per annum.             

CONTACT
Dominik Slappnig
Corporate Communications &
Investor Relations
+41 58 436 68 21
[email protected]

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 101 countries around the world and manufactures in over 200 factories. Its more than 20,000 employees generated annual sales of CHF 7.09 billion in 2018.

The media release can be downloaded from the following link:

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