Clariant successfully places CHF 235 million domestic bonds
Muttenz, March 13, 2012 – Clariant, a world leader in specialty chemicals, announced today the issuance of a CHF 235 million domestic bond.
The bond issued of CHF 235 million has a coupon of 3.25 percent p.a. and a tenor of 7 years. The issuer is Clariant AG. The proceeds are for general corporate purposes and specifically will be used to refinance bond maturities in 2012 and to extend Clariant’s maturity profile into 2019. With the issuance, Clariant also strengthens its presence in the Swiss domestic capital market. Settlement is expected to happen on 24.4.2012.
Clariant`s current long-term ratings are “BBB-“, “outlook negative” at Standard & Poor’s, and “Ba1”, “outlook stable” by Moody’s