Bonds

Sika's bonds show a well-balanced and conservative debt maturity profile.
 

Other available credit facilities

In 2019 and 2021, Sika signed two Revolving Credit Facilities in the amount of CHF 750 million each. In August 2023, Sika increased both existing Revolving Credit Facilities to CHF 1,100 million each and prolonged the maturity of the 2019 facility to 2028.

Main purpose of the Facilities is to cover the seasonality in the construction business and the pre-financing of acquisitions. The facilities are drawn in part periodically. 

There are no financial covenants in any of the credit facilities.

Overview Debt Maturity

Instrument
Principal
Currency
Amount (million)
Issuer / Borrower Tenor (years) Maturity Coupon Conversion Price Rating S&P
Straight Bond CHF 100 Sika AG 1.5 28/05/2024 1.60% - A-
Straight Bond CHF 250 Sika AG 6   12/07/2024 0.625% - A-
Straight Bond CHF 200 Sika AG 1.5 11/10/2024 2.125% - A-
Straight Bond EUR 500 Sika Capital B.V., NL (Guarantee from Sika AG) 1.5 01/11/2024 3mE +20bps - A-
Straight Bond CHF 200 Sika AG 3 28/11/2025 1.90% - A-
Straight Bond CHF 140
Sika AG 8   27/03/2026 0.600% - A-
Straight Bond CHF 200 Sika AG 3 13/04/2026 2.250% - A-
Straight Bond EUR 1,000 Sika Capital B.V., NL (Guarantee from Sika AG) 3.5 03/11/2026 3.750% - A-
Straight Bond EUR 500 Sika Capital B.V., NL (Guarantee from Sika AG) 8   29/04/2027 0.875% - A-
Straight Bond CHF 130 Sika AG 8   12/07/2028 1.125% - A-
Straight Bond CHF 300 Sika AG 6 28/11/2028 2.35% - A-
Straight Bond CHF 250 Sika AG 6 13/04/2029 2.250% - A-
Straight Bond EUR 750 Sika Capital B.V., NL (Guarantee from Sika AG) 7 03/05/2030 3.750% - A-
Straight Bond EUR 500 Sika Capital B.V., NL (Guarantee from Sika AG) 12   29/04/2031 1.500% - A-
Total Debt Instruments CHF 1,770            
    EUR 3,250            
                 
Revolving Credit Facility (2021) CHF 1,100 Sika AG   13/12/2028 - - -
Revolving Credit Facility (2019) CHF 1,100 Sika AG   10/08/2028 - - -
Total Revolving Credit Facility CHF 2,200            

Bond Maturity Profile as of November 15th, 2023

All figures in CHF mn

Bond maturity profile chart