Clariant issue €500 million Eurobond

Switzerland

Published: 18 January, 2012

Clariant announced on January 17 that they have successfully priced an Eurobond transaction of €500 million with a tenor of five years, issued by Clariant Finance (Luxembourg) and guaranteed by Clariant Ltd.

The fixed rate notes with a minimum denomination of €100,000 and a final coupon of 5⅝ % pa are maturing on January 24, 2017. The order book was significantly oversubscribed on the back of strong investor demand. Clariant have applied for listing of the notes with the London Stock Exchange. BNP Paribas, Citigroup and UniCredit acted as Joint Book Runners on this transaction.

The proceeds are to be used for general corporate purposes so optimising Clariant's debt maturity profile. After two CHF-Bond issuances (total of CHF 300 million) in May and July 2011 and the placement of a total of four German Certificates of Indebtedness (total of €390 million) in October 2011 including an increase in early January 2012, this bond issuance is the third successful financing step in the debt capital markets over the last nine months.

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