Press release
Clariant successfully places EUR 365 million of certificates of indebtedness
Muttenz, October 14, 2011 - Clariant, a world leader in specialty chemicals, announced today the issuance of totally EUR 365 million in the German market for certificates of indebtedness (“Schuldschein”). The four certificates have a term of 3 years(EUR 242 million) respectively 4.5 years (EUR 123 million) each with fix or float coupons.
The interest to be paid for the certificates of indebtedness is based on six months Euribor (variable tranche) or mid-swap (fixed tranche), respectively, plus a credit margin premium (spread). Total interest costs per tranche are between 3.85% and 4.35% p.a. at present.
Following the emission of two Swiss franc bonds since May of 2011 – CHF 200 million maturing in 2015 and CHF 100 million maturing in 2017 – Clariant has further improved its maturity profile with the emission of these certificates. The proceeds are for general corporate purposes, specifically for the optimization of both debt financing structure and maturity profile.
Joint arrangers of the very successful issue were Bayern LB and LB Hessen-Thüringen.
www.clariant.com
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 billion. Clariant is divided into twelve business units: Additives; Catalysis & Energy; Detergents & Intermediates; Emulsions; Functional Materials; Industrial & Consumer Specialties; Leather Services; Masterbatches; Oil & Mining Services; Paper Specialties; Pigments; Textile Chemicals
EMG
Paulien Boumans
Lelyweg 6
4612 PS
Bergen op Zoom
The Netherlands
0031164317015
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Clariant successfully places EUR 365 million of certificates of indebtedness here
News-ID: 196189 • Views: …
More Releases from Clariant International Ltd
Clariant Innovation Center Cornerstone Laid at Industriepark Höchst for 500 New …
- Finance Minister Thomas Schäfer: Investment brings major benefits
- Christian Kohlpaintner: 100 million euros to provide optimal conditions for sustainable, successful research
Muttenz / Frankfurt, February 29, 2012 - The cornerstone of the new 100-million-euro Clariant Innovation Center was officially laid during a ceremony today at the Industriepark Höchst in Frankfurt. Attending the event were Hessen State Finance Minister Thomas Schäfer; Clariant Executive Committee member Christian Kohlpaintner; and Ulrich Ott, Managing…
Clariant successfully issues EUR 500 million Eurobond
Muttenz, January 17, 2012 – Today, 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 ⅝ % p.a. are maturing on January 24, 2017. The orderbook was significantly oversubscribed on the back of strong investor demand.…
Clariant’s EasyWhite Tan process — leaner, cleaner and safer
Muttenz, November 14, 2011 - Specialty chemicals expert Clariant is offering tanners the first viable scientific and commercial option to traditional tanning methods in some 125 years with the global launch of EasyWhite Tan.
The first major advance since the advent of chrome-based tanning revolutionized the industry back in the late 1800s, the new EasyWhite Tan process delivers a ground-breaking alternative to conventional methods based on metals (such as chrome, which…
Clariant Strengthens Presence in China with Opening of its First Ethoxylation Pl …
Muttenz/ Shanghai, November 1, 2011 - Clariant, the Swiss leading specialty chemicals company, announced the inauguration of its ethoxylation plant in Daya Bay at Huizhou, Guangdong Province, China today. The plant not only benefits customers with local production but also brings global know-how and technology in product development to the local market. Construction of the plant is pivotal to Clariant’s global strategy on further developing the emerging markets.
The plant in…
More Releases for EUR
Contec S.A. raises EUR 10 million from investor
Contec S.A., a startup recovering industrial raw materials from used tires, has raised EUR 10 million in their latest funding round. These funds will be used to expand the efficiency of Contec's plant (Szczecin, Poland) almost threefold. Two investors are providing the funds: HiTech ASI, the corporate venture capital fund of Bank Gospodarstwa Krajowego, and the Warsaw Equity Group, which is the majority shareholder.
Contec S.A. invests in increasing processing…
Global Organic Pet Food Market 2020 NewmanEUR(TM)s Own, LilyEUR(TM)s Kitchen, …
Organic Pet Food Market Global and outlook (2015 - 2025)
The report published on Organic Pet Food is a invaluable foundation of insightful data helpful for the decision-makers to form the business strategies related R&D investment, sales and growth, key trends, technological advancement, emerging market and more. The global Organic Pet Food market report includes key facts and figures data which helps its users to understand current scenario of the…
EUR 155,000 for Safe Zones Project
Eichsfeld Festival Attracts 25,000 Music Fans to Downtown Duderstadt
"Tonight is going to rock!" It was with these words that initiators Professor Hans Georg Näder and Peter Maffay opened the 2012 Eichsfeld Festival this past Saturday. Around 25,000 music fans followed the invitation to experience top-class live performances in the Marktstraße of Duderstadt that day. Peter Maffay, Ich + Ich and four regional special guests did more than just wow the…
Clariant successfully issues EUR 500 million Eurobond
Muttenz, January 17, 2012 – Today, 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 ⅝ % p.a. are maturing on January 24, 2017. The orderbook was significantly oversubscribed on the back of strong investor demand.…
VSCloud – cloud services from 0.78 EUR per day
On 15th of August, at a press conference, the unique cloud project named VSCloud was presented which provides cloud services of IaaS (Infrastructure as a Service) type. After three months, VSCloud can boast with hundreds of active users mainly from the Czech Republic and Slovakia. The leadership of VSCloud foresees that the number of first thousand active users will be surpassed by the end of this year.
What are the advantages…
euNetworks Reports 26% Revenue Rise to EUR 21.7M
London, United Kingdom - 12 November 2009 - euNetworks Group Limited, (SGX: H23.SI), a provider of mission-critical, high-performance networking solutions in Europe, reports a 26% rise in revenue for the nine months ended 30 September 2009 (“9M09”) to €21.7 million, from €17.2 million reported in the corresponding period a year ago (“9M08”). In line with the Group’s efforts at improving its operational efficiencies, gross margin also improved from 42%…
