EUR 1 billion bond issuance of Sika

On April 29, 2019, Sika Capital BV settled its recent issuance of dual-tranche EUR 1 billion bonds guaranteed by Sika AG. The bonds were placed under the global coordination of Citigroup, with Citigroup, UBS Investment Bank and Credit Suisse acting as joint lead managers. The bonds are listed on the Irish Stock Exchange (Euronext Dublin). Sika intends to use the net proceeds from the bonds offering for the partial financing of the announced acquisition of the Parex Group.

Lenz & Staehelin acted as Swiss counsel to Sika. The team included partner Patrick Schleiffer as well as associates Patrick Schärli and Ramona von Riedmatten (Capital Markets). This team forms part of the larger team which is advising Sika in connection with the envisaged  acquisition of Parex.

See Deals & Cases, January 8, 2019.

Published: 2 May 2019