Oct 11, 2013. /Lesprom Network/. Sika AG placed a 6-year bond issue with an amount of CHF 200 million ($219.5 million) and a coupon of 1.125% per annum and a 10-year bond issue of CHF 200 million ($219.5 million) and a coupon of 1.875% per annum in the Swiss capital market, as the company said in the press release received by Lesprom Network. 

The payment date of the bonds is November 14, 2013. The issues were placed under the lead management of UBS AG and Credit Suisse AG. The net proceeds of the transaction will be used to support the growth strategy of Sika and to serve the company’s long-term, general financing.

Sika AG is a globally active specialty chemical company headquartered in Baar, Switzerland, manufacturing and supplying products for construction and industry.