Clariant AG: Placed a green bond in the amount of CHF 175 million
25 Agosto 2022 - 12:00AM
Clariant AG: Placed a green bond in the amount of CHF 175 million
- 2.717 % coupon rate and 2027
maturity
- Proceeds to be used for Eligible Assets driving
sustainable innovation as part of Clariant’s purpose-led
strategy
- Further implementation of 2030 roadmap to achieve
science-based targets
MUTTENZ, AUGUST 25, 2022
Clariant, a focused, sustainable, and innovative specialty chemical
company, yesterday successfully priced its first green bond. The
CHF 175 million green bond has a coupon of 2.717 %
and a 2027 maturity date.
“The green bond issuance under our Green Financing Framework
exactly fits our focus on sustainability as part of our purpose-led
growth strategy. We view this green financing option as a key
contribution to sustainability across the Group, allowing
sustainability driven bond investors to participate in the
sustainability leadership of our company. Its Swiss franc
denomination also underlines our commitment to the Swiss market and
fits perfectly in our maturity profile,” said Bill Collins, Chief
Financial Officer of Clariant.
An amount equal to the net proceeds from the bond issuance will be
allocated to the financing and/or refinancing of investments in
Eligible Assets as established by Clariant within its Green
Financing Framework. Eligible Assets promote the transition towards
a low-carbon and environmentally sustainable society, as determined
by Clariant. Proceeds will be allocated to capital expenditures,
acquisitions, joint ventures and research and development within
the Eligible Asset Categories of this Framework (circular economy
adopted products, production technologies and processes and/or
certified eco-efficient products, renewable energy and energy
efficiency, pollution prevention and control).
This transaction emphasizes Clariant’s sustainability leadership
and represents clear progress in the implementation of its 2030
roadmap to achieve its science-based climate targets. The financing
and/or refinancing of Eligible Asset with the green bond proceeds
will contribute to achieving our ambitious targets. Between 2019
and 2030, Clariant targets a 40 % absolute reduction in scope
1 and 2 greenhouse gas emissions and a 14 % absolute reduction
in scope 3 greenhouse gas emissions from purchased goods and
services. These science-based targets are accompanied by intensity
reduction targets for the key environmental parameters in its
operations.
ISS ESG, a leading ESG data and rating provider, gave a
second-party opinion confirming the alignment of the framework with
Green Bond Principles and Green Loan Principles and the
sustainability quality of the eligibility criteria. S&P Global
Ratings has granted Clariant’s Green Bond a BBB- rating.
UBS Investment Bank and Skandinaviska Enskilda Banken (SEB) acted
as joint lead managers for this green bond issue. The application
for admission to trading on the SIX Swiss Exchange will be
submitted. The Green Bond is expected to settle on 26 September
2022.
Disclaimer: This media release constitutes neither an offer
prospectus nor a prospectus for admission to trading under the
terms of article 35 of the Swiss Financial Services Act (FinSA).
This media release is intended solely for information purposes and
does not constitute or form part of, and may not be construed as,
an offer or invitation to sell securities, the solicitation of an
offer to underwrite, subscribe for or otherwise acquire securities
or a recommendation regarding any securities. The publication
of this media release as well as the offer and sale of securities
may be subject to restrictions in certain jurisdictions. Persons
who might come into possession of this media release must inform
themselves about and comply with any applicable legal or regulatory
restrictions. This media release is not intended for
distribution to, or use by, any person or entity in any
jurisdiction or country where such distribution or use would be
contrary to law or regulation.
CORPORATE MEDIA RELATIONS
Jochen Dubiel
Phone +41 61 469 63 63
jochen.dubiel@clariant.com
Anne Maier
Phone +41 61 469 63 63
anne.maier@clariant.com
Ellese Caruana
Phone +41 61 469 63 63
ellese.caruana@clariant.com
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INVESTOR RELATIONS
Andreas Schwarzwälder
Phone +41 61 469 63 73
andreas.schwarzwaelder@clariant.com
Maria Ivek
Phone +41 61 469 63 73
maria.ivek@clariant.com
Alexander Kamb
Phone +41 61 469 63 73
alexander.kamb@clariant.com
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This media release contains certain statements that are neither
reported financial results nor other historical information. This
document also includes forward-looking statements. Because these
forward-looking statements are subject to risks and uncertainties,
actual future results may differ materially from those expressed in
or implied by the statements. Many of these risks and uncertainties
relate to factors that are beyond Clariant’s ability to control or
estimate precisely, such as future market conditions, currency
fluctuations, the behavior of other market participants, the
actions of governmental regulators and other risk factors such as:
the timing and strength of new product offerings; pricing
strategies of competitors; the Company’s ability to continue to
receive adequate products from its vendors on acceptable terms, or
at all, and to continue to obtain sufficient financing to meet its
liquidity needs; and changes in the political, social and
regulatory framework in which the Company operates or in economic
or technological trends or conditions, including currency
fluctuations, inflation and consumer confidence, on a global,
regional or national basis. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date of this document. Clariant does not undertake
any obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date of these materials.
www.clariant.com
Clariant is a focused, sustainable, and innovative specialty
chemical company based in Muttenz, near Basel/Switzerland. On 31
December 2021, Clariant totalled a staff number of 11 537 and
recorded sales of CHF 4.372 billion in the fiscal year for its
continuing businesses. The company reports in three Business Areas:
Care Chemicals, Catalysis, and Natural Resources. Clariant’s
corporate strategy is led by the overarching purpose of ‘Greater
chemistry – between people and planet’ and reflects the importance
of connecting customer focus, innovation, sustainability, and
people.
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- CLARIANT MEDIA RELEASE GREEN BOND ISSUANCE EN_20220825
- CLARIANT MEDIA RELEASE GREEN BOND ISSUANCE DE_20220825
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