Sika Capital €1 billion dual tranche bond issue

2/5/2019
Investment grade bond/note issue

€ 1 billion

$ 1.118 billion

Completed

2/5/2019


Overview:

  • The Dutch arm of Sika, Sika Capital, has issued a €1 billion bond in two tranches.
  • The bonds are listed on the Irish Stock Exchange.
  • The tranches are: €500 million 0.875% notes due 2027 and €500 million 1.5% notes due 2031.
  • Sika aims to use the net from the bond offering to partially finance the acquisition of Parex Group which took place in early 2019.
  • Sika acted as the guarantor on the issue.

Rajeeb Gurung - Researcher

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