Clariant places USD 276.5 million and EUR 95 million of certificates of indebtedness

Muttenz, August 05, 2016 - Clariant, a world leader in specialty chemicals, announced today the issuance of USD 276.5 million and EUR 95 million of debt in the German market for certificates of indebtedness ('Schuldschein'). The USD-denominated tranche has a term of 5 years. The certificates in EUR have terms of 5 years and 7 years.
The interest to be paid for the certificates of indebtedness is based on six-month Euribor and three-month USD Libor (variable tranche) or mid-swap (fixed tranche), respectively, plus a credit margin premium (spread). Total interest costs of the fixed tranches range between 0.78 % and 2.62 % p.a.

The proceeds are for refinancing and general corporate purposes.

Sole arranger of the issue is Landesbank Hessen-Thüringen Girozentrale.