IFLR1000

Sika SFr1.3 billion 3.75% convertible bond issue

30/1/2019
Acquisition finance, Convertible and hybrid securities, Investment grade bond/note issue
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SFr 1.3 billion

$ 1.307 billion

Completed

30/1/2019

Overview:

  • Chemicals company Sika Group has undertaken SFr1.3 billion 3.75% in convertible bond issue.
  • The proceeds will be used to finance the acquisition of Parex Group.
  • The notes are due 2022.

Rajeeb Gurung - Researcher 

Jurisdiction:

Switzerland

Deal types:

Acquisition finance
Convertible and hybrid securities
Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Industrials and manufacturing

Firms:
Clifford Chance

Party: Sika (Issuer)

Homburger

Party: UBS (Joint bookrunner)

Lawyer: Daniel Daeniker

Lenz & Staehelin

Party: Sika (Issuer)

Lawyer: Patrick Schleiffer

Linklaters

Party: UBS (Joint bookrunner)

Party: Citigroup (Joint bookrunner)

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