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


Michael Cote is new chair of asphalt association

National Asphalt Pavement Association promotes Michael Cote to position during association’s annual meeting in Marco Island, Florida. More

Carolina Quarries gets OK for expansion

Carolina Quarries, Salisbury, North Carolina, Monday moved one step closer to expanding the size of land used to dispose of leftover rock at the company’s site near Rockwell, NC. More

Advertise Here