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ABB Has Launched a EUR Benchmark Bond Offering - ABB, the leading power and automation technology group, announced that its subsidiary ABB Finance B.V. has launched a EUR 1.25 billion 7-year bond transaction - ABB.com
ABB Has Launched a EUR Benchmark Bond Offering

 

PRZOOM - /newswire/ - Zurich, Switzerland, 2012/03/19 - ABB, the leading power and automation technology group, announced that its subsidiary ABB Finance B.V. has launched a EUR 1.25 billion 7-year bond transaction - ABB.com. NYSE: ABB

   
 
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The bonds carry a coupon of 2.625% and will be issued under the ABB Finance B.V. USD 8 billion Debt Issuance Programme. The notes will be guaranteed by ABB Ltd, the ultimate holding company of the ABB Group.

The net proceeds of the issue will be used for general corporate purposes.

Issuance will take place on or around March 26, 2012 which is the expected settlement date of the of the bonds.

ABB (abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 135,000 people.

 
 
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Agency / Source: ABB Robotics / ABB Ltd

 
 

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ABB Has Launched a EUR Benchmark Bond Offering

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ABB |
Contact: Antonio Ligi / Thomas Schmidt - ABB.com 
+41 43 317 6568 media.relations[.]ch.abb.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ABB Robotics / ABB Ltd securities in any jurisdiction including any other companies listed or named in this release.

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