Sika AG said Aug. 19 that it has placed an inaugural hybrid capital bond with a total amount of €1 billion split into two €500-million tranches. The net proceeds of the transaction will be used for general corporate purposes including financing of bolt-on acquisitions and refinancing of existing financial indebtedness, the company said.
The hybrid bonds will be listed on the regulated market of Euronext Dublin, Sika said. They were placed into the European institutional fixed income investor base with Citigroup acting as global coordinator and BofA Securities, Citigroup and UBS Investment Bank as active bookrunners, it said.
The first of €500-million hybrid bond has a coupon of 4.375% per year with a first call date on Feb. 26, 2032, and first reset date on May 26, 2032, the company said. The second €500-million hybrid bond has a coupon of 4.875% per year, with a first call date on Feb. 26, 2035, and first reset date on May 26, 2035, it said.
by Sotirios Frantzanas
Source: chemweek.com
Borouge International has appointed Roland Janssen as CCO, effective 1 October 2026, as the company continues to advance its integration and growth priorities. Janssen will be based at Borouge International’s headquarters in Vienna and succeeds Stefan Doboczky, who is leaving the company to pursue a new opportunity.
Inge Massen-Biemans will become Chief Sustainability Officer (CSO) effective November 1, 2026. Inge will report directly to Dimitri de Vreeze, CEO of dsm-firmenich. She succeeds Katharina Stenholm, who has decided to step down from the role at the end of 2026 to pursue other interests, after developing and executing the company’s sustainability program over the past three years.
The Hamburg site supplies products for the cosmetics and personal care industry and the Bitterfeld site produces chlorosilanes, the company said, adding that these businesses will continue, concentrated mainly at larger German sites.
