Clariant successfully places CHF 150 million domestic bond
Muttenz, 25. September 2014 - Clariant, a world leader in specialty chemicals, announced today the issuance of a CHF 150 million domestic bond.
The bond issued has a coupon of 2.125 percent p.a. and a tenor of 10 years.
The proceeds are for general corporate purposes and will be used to extend the debt maturity profile, while maintaining a very solid liquidity structure. The issue was very well received by Swiss investors, underlining their confidence in the credit quality of Clariant.
Settlement is expected to happen on 17 October 2014.
Clariant Ltd’s current long-term ratings are "BBB-", outlook "stable" at Standard & Poor’s, and "Ba1", "outlook stable" by Moody’s.