27 Aug 2012
Clariant successfully places CHF 375 million domestic bonds in two tranches
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA.
FOR RELEASE IN SWITZERLAND: THIS IS A RESTRICTED COMMUNICATION AND YOU MUST NOT FORWARD IT OR ITS CONTENTS TO ANY PERSON TO WHOM FORWARDING THIS COMMUNICATION IS PROHIBITED BY THE LEGENDS CONTAINED HEREIN.
Muttenz, 27. August 2012 – The Swiss specialty chemicals group Clariant announced today the issuance of CHF 375 million domestic bonds in two tranches.
The first bond issued (CHF 215 million) has a coupon of 2 ½percent p.a. and a tenor of six years. The second bond issued (CHF 160 million) has a coupon of 3 ½ percent p.a. and a tenor of ten years. The issuer is Clariant AG.
The proceeds are for general corporate purposes and are part of Clariant’s strategy to further extend the maturity profile beyond 2018 while maintaining a very solid liquidity profile. The issue was very well received by Swiss investors, underlining their confidence in the credit quality of Clariant. After three placements in 2011 and 2012, the company’s presence in the Swiss domestic capital market is further strengthened. Settlement is expected to happen on September 26, 2012.
Clariant`s current long-term ratings are “BBB-“, “outlook negative” at Standard & Poor’s, and “Ba1”, “outlook stable” by Moody’s.
Reader enquiries
Clariant International Ltd
Rothausstrasse 61
4132 Muttenz 1
Switzerland
Notes for editors
Clariant is an internationally active specialty chemical company, based in Muttenz near Basel. The group owns over 100 companies worldwide and employed 22 149 employees on December 31, 2011. In the financial year 2011, Clariant recorded a turnover of around CHF 7.4 billion. Clariant is divided into eleven business units: Additives; Catalysis & Energy; Emulsions, Detergents & Intermediates; Functional Materials; Industrial & Consumer Specialties; Leather Services; Masterbatches; Oil & Mining Services; Paper Specialties; Pigments; Textile Chemicals. Clariant focuses on creating value by investing in future profitable and sustainable growth, which is based on four strategic pillars: Improving profitability, innovation as well as research and development, dynamic growth in emerging markets, and optimizing the portfolio through complementary acquisitions or divestments.
Editorial enquiries
Ulrich Steiner
Investor Relations
Clariant International Ltd
Stefanie Nehlsen
Clariant International Ltd