Clariant Successfully Enters the European Debt Capital Markets.MUTTENZ, Switzerland -- Clariant, the Switzerland-based specialty chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. company, successfully entered the European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. Debt Capital Markets for the first time with the launch of a seven-year EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 600 million Eurobond. The bond pays a coupon of 4.375% and was issued at a price of 99.628%, offering investors a spread of 86.6 basis points over the relevant underlying German government bond. The bonds will be listed on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . Clariant marketed the transaction via a two-day roadshow in London, Paris, Frankfurt, Munich, Amsterdam, Zurich, and Basel. The orderbook grew to a total of EUR 3.3 billion within only 24 hours of bookbuilding, which followed the roadshow. Among investors buying bonds were major fund management firms, banks, pension funds and insurance companies. ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) , Citigroup, and UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System jointly lead-managed the deal. The bond was issued by Clariant Finance (Luxembourg) SA, which is guaranteed by Clariant Ltd and is expected to be rated Baa2 by Moody's and BBB BBB A medium grade assigned to a debt obligation by a rating agency to indicate an adequate ability to pay interest and repay principal. However, adverse developments are more likely to impair this ability than would be the case for bonds rated A and above. by Standard & Poor's, both with a stable outlook. Patrick Jany, Clariant's chief financial officer, said: "We are pleased that the bond issue met a positive reception with investors. We have achieved our goal of setting a benchmark for Clariant in the international debt markets, attracting a broad and diverse investor base. This step has allowed us to optimize optimize - optimisation Clariant's debt maturity profile and ensures our strong financial position."
Calendar of Corporate Events
April 7, 2006 Annual General Meeting
May 9, 2006 First Quarter 2006 Results
August 2, 2006 First Half 2006 Results
November 7, 2006 Nine Month 2006 Results
February 20, 2007 Full Year 2006 Results;
Annual Media Conference
Clariant - Exactly your chemistry. Clariant is a global leader in the field of specialty chemicals. Strong business relationships, commitment to outstanding service and wide-ranging application know-how make Clariant a preferred partner for its customers. Clariant, which is represented on five continents with over 100 group companies, employs around 23,000 people. Headquartered in Muttenz near Basel, Switzerland, it generated sales of around CHF CHF In currencies, this is the abbreviation for the Swiss Franc. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 8.2 billion in 2005. Clariant's businesses are organized in five divisions: Textile, Leather & Paper Chemicals, Pigments & Additives, Functional Chemicals, Life Science Chemicals and Masterbatches. Clariant is committed to sustainable growth springing from its own innovative strength. Clariant's innovative products play a key role in its customers' manufacturing and treatment processes or else add value to their end products. The company's success is based on the know-how of its people and their ability to identify new customer needs at an early stage and to work together with customers to develop innovative, efficient solutions. www.clariant.com |
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