Clariant AG: Clariant successfully places EUR 300 million of certificates of indebtedness
OREANDA-NEWS. Clariant, a world leader in specialty chemicals, announced today the issuance of totally EUR 300 million in the German market for certificates of indebtedness ("Schuldschein"). The four certificates have a term of 5 years (EUR 150 million) respectively 8 years (EUR 150 million) each with fix or float coupons.
The interest to be paid for the certificates of indebtedness is based on six months Euribor (variable tranche) or mid-swap (fixed tranche), respectively, plus a credit margin premium (spread). Total interest costs per tranche are between 1.1% and 1.6% p.a. at present.
Clariant has further improved its debt maturity profile with the issuance of these certificates. The proceeds are for general corporate purposes and refinancing.
Clariant is a globally leading specialty chemicals company, based in
Muttenz near Basel/Switzerland. On December 31, 2014 the company
employed a total workforce of 17 003. In the financial year 2014,
Clariant recorded sales of CHF 6.116 billion for its continuing
businesses. The company reports in four business areas: Care Chemicals,
Catalysis & Energy, Natural Resources, and Plastics & Coatings.
Clariant's corporate strategy is based on five pillars: increase
profitability, reposition portfolio, add value with sustainability,
foster innovation and R&D, and intensify growth.
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