Sika AG today successfully completed a triple-tranche bonds offering with a total amount of CHF 550 million. The payment date of the bonds is July 12, 2018. The bonds were placed under the lead management of UBS AG. They will be listed on the SIX Swiss Exchange. Sika intends to use the net proceeds from the bond offering mainly to refinance the recently announced acquisition of its own shares from Compagnie de Saint‐Gobain, and for general corporate purposes.

Key data of the placement:

  • CHF 170 million bond 2018-2021 with a fixed coupon of 0.125% per annum. The bond was issued at 100.285% which reflects an investor yield of 0.0300%.
  • CHF 250 million bond 2018-2024 with a fixed coupon of 0.625% per annum. The bond was issued at 100.515% which reflects an investor yield of 0.5375%.
  • CHF 130 million bond 2018-2028 with a fixed coupon of 1.125% per annum. The bond was issued at 101.112% which reflects an investor yield of 1.0075%.