Latest News


Keyword Search

RegionB

North / South America

Sika AG / SIKA successfully place CHf of 400 million bond

Oct, 11 2013



Sika AG successfully placed today a 6-year bond issue with an amount of CHF 200 million and a coupon of 1.125% per annum and a 10-year bond issue of CHF 200 million and a coupon of 1.875% per annum in the Swiss capital market. 

The payment date of the bonds is November 14, 2013. The issues were placed under the lead management of UBS AG and Credit Suisse AG. 

The net proceeds of the transaction will be used to support the growth strategy of Sika and to serve the company's long-term, general financing. 
 
About Sika

Sika supplies the building and construction industry as well as manufacturing industries (automotive, bus, truck, rail, solar and wind power plants, façades). Sika's product lines feature high-quality concrete admixtures, specialty mortars, sealants and adhesives, damping and reinforcing materials, structural strengthening systems, industrial flooring as well as roofing and waterproofing systems. Worldwide local presence in 80 countries and some 15 200 employees link customers directly to Sika and guarantee the success of all partners. Sika generated annual sales of CHF 4 829 million in 2012.

Source

Bookmark and Share
Comments
0 Comment(s)
Add Your Comments


ContiTech and Techmi build Europe’s longest conveyor for French cement plant

ContiTech with partner Techmi have built the longest conveyor belt in Europe at Vicat’s cement plant in Montalieu, France. More

Randles Sand and Gravel plans quarry near Eatonville, WA

Randles Sand and Gravel plans to quarry rock, gravel, sand and topsoil from 500 acres just north of Eatonville, WA. More

Advertise Here