Clariant AG / Clariant places USD 276.5 million and EUR 95 million of certificates of indebtedness . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
Muttenz, August 05, 2016 - Clariant, a world leader in specialty chemicals, announced today the issuance of USD 276.5 million and EUR 95 million of debt in the German market for certificates of indebtedness ("Schuldschein"). The USD-denominated tranche has a term of 5 years. The certificates in EUR have terms of 5 years and 7 years.
The interest to be paid for the certificates of indebtedness is based on six-month Euribor and three-month USD Libor (variable tranche) or mid-swap (fixed tranche), respectively, plus a credit margin premium (spread). Total interest costs of the fixed tranches range between 0.78 % and 2.62 % p.a.
The proceeds are for refinancing and general corporate purposes.
Sole arranger of the issue is Landesbank Hessen-Thüringen Girozentrale.
| Corporate Media Relations | Investor Relations |
| Carsten Seum Phone +41 61 469 63 63 carsten.seum@clariant.com | Anja Pomrehn Phone +41 61 469 67 45 anja.pomrehn@clariant.com |
| Claudia Kamensky Phone +41 61 469 63 63 claudia.kamensky@clariant.com | Steven Massheder Phone +41 61 469 68 58 steven.massheder@clariant.com |
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Press release german (http://hugin.info/100166/R/2033171/756968.pdf)
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Clariant AG via Globenewswire
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Clariant AG
Rothausstrasse 61 Muttenz 1 Switzerland
ISIN: CH0012142631;
