13/05/2024

Sika today successfully placed a bond with a total amount of CHF 400 million through a dual tranche. The payment date of the bonds is May 28, 2024. The bonds were placed under the lead management of BNP Paribas, UBS and Zürcher Kantonalbank. They will be listed on the SIX Swiss Exchange.

  • CHF 200 million bond May 2024 – November 2029 (5.5 years) with a fixed coupon of 1.65% per annum. The bond was issued at 100.042% which reflects a yield of 1.6425%.
 
  • CHF 200 million bond May 2024 – May 2033 (9 years) with a fixed coupon of 1.875% per annum. The bond was issued at 100.371% which reflects a yield of 1.8299%.

 

The net proceeds of the transaction will be used for general corporate purposes, including refinancing of existing financial indebtedness.