Products
Downloads
Locations / Sites
Contacts
Download list
Back to News

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

Downloads
Borealis bond successfully placed English, German
Media Contact
Patrick Laureys
Senior External Communications Manager

Related News

News – 16/10/2018

Update on Project STOP: Change is possible and the momentum continues

Read more

Media Release – 09/10/2018

Borealis and Borouge introduce Borealis Bormed™ PL8830-PH, the first controlled plastomers solution for the healthcare industry

Read more

Media Release – 06/10/2018

Borealis to build new, world-scale 750,000 tonne/year propane dehydrogenation (PDH) plant in Belgium

Read more

News – 02/10/2018

United States: Bayport Polymers to Double Polyethylene Capacity

Read more

Media Release – 28/09/2018

Borealis Executive Vice President Base Chemicals Markku Korvenranta to step down

Read more

Media Release – 26/09/2018

Borealis and the ZOOM Children’s Museum to encourage critical discussion through the new “EARTH & SOIL” interactive exhibition

Read more

Media Release – 26/09/2018

Borealis appoints Rainer Höfling as CEO of its dedicated Fertilizer & Melamine business

Read more

Media Release – 25/09/2018

Borealis and Bockatech partner to develop foam injection moulding solutions for reusable and recyclable packaging

Read more

Media Release – 17/09/2018

Borealis Daplen™ grades with post-consumer recycled content to help develop Volvo Cars demonstrator vehicle

Read more