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Clariant successfully issues EUR 500 million Eurobond

19
Jan '12
Clariant successfully priced an Eurobond transaction of EUR 500 million with a tenor of 5 years, issued by Clariant Finance (Luxembourg) S.A. and guaranteed by Clariant Ltd.

The fixed rate notes with a minimum denomination of EUR 100,000 and a final coupon of 5 ? % p.a. are maturing on January 24, 2017. The orderbook was significantly oversubscribed on the back of strong investor demand. Clariant has 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 optimizing 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 EUR 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.

Clariant is an internationally active specialty chemical company based in Muttenz near Basel. The group owns over 100 companies worldwide and employed approx. 16,200 employees as of December 31, 2010. In the financial year 2010, Clariant produced a turnover in excess of CHF 7.1 billion.

Clariant


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