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Borealis bond successfully placed

Borealis, a leading provider of chemical and innovative plastics solutions, has successfully launched its second retails bond transaction in Austria with a maturity of 7 years. Due to strong investor demand, Borealis was able to increase the initially planned amount of EUR 100 million to EUR 125 million and accordingly the coupon was set at the lower end of the expected range at 4%. Borealis will use the additional funds for general corporate purposes, including the refinancing bank debt, the restructuring of the existing debt portfolio, terming out Borealis' debt and optimising the overall finance structure.

"After the success of our inaugural bond of 2010, we are again very pleased with the success of this bond in Austria,” says Borealis Chief Financial Officer Daniel Shook. “We believe this confirms that Borealis’ strategy of Value Creation through Innovation, in combination with our strong financial profile, represents an attractive investment opportunity. The Austrian bond is again a significant step in an overall strategy to diversify our funding investor base while extending our maturity profile.”

Borealis is one of the biggest companies in Austria and has its head office in Vienna. In Schwechat, Borealis operates one of the most modern polyolefins production plants in Europe with an annual production capacity of around 1 million tonnes. The Company’s international Innovation Headquarters is located in Linz, Austria. Borealis is the second largest Polyolefin plastics producer in Europe and number 8 worldwide ranked by nameplate capacity.

END

For further information please contact:

Media inquiries:
Kerstin Meckler, Director Communications
Tel.: +43 (0)1 22 400 389
e-mail: kerstin.meckler@borealisgroup.com 

Investor relations:
Jan-Martin Nufer, Director Treasury & Funding
Tel.: +43 1 22 400 320
e-mail: janmartin.nufer@borealisgroup.com

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Borealis bond successfully placed English, German
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Senior Manager External Communications

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