Sika places EUR1.0 billion hybrid bond in two tranches

19. Aug 2026

Description

(AWP Alliance News) - Sika AG - Baar, Switzerland-based specialty chemicals company - Places an inaugural EUR1.0 billion hybrid capital bond in two tranches. The first tranche is a EUR500 million 4.375% hybrid bond with the first call date of February 26, 2032 and a first reset date of May 26, 2032. The second tranche is a EUR500 million 4.875% per year hybrid bond with a first call date of February 26, 2035 and a first reset date of May 26, 2032. Company adds it will use the net proceeds of the transaction for the financing of bolt-on acquisitions and refinancing of existing financial indebtedness.

Current stock price: CHF185.15, closed up 0.2% in Zurich on Wednesday

12-month change: down 3.6%

By John Robaina, Alliance News reporter

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