Sika issued bonds in a total amount of CHF 600 million, consisting of three tranches and listed on SIX Swiss Exchange. The bonds were placed under the lead management of UBS, Credit Suisse, and Zürcher Kantonalbank.
The net proceeds of the bond issuance will be used for the financing of the acquisition of the MBCC Group and for general corporate purposes to support the growth strategy of the company.
Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry.
Lenz & Staehelin has acted as counsel to Sika.