Downloads
Locations / Sites
Contacts
Download list

Cookies on the Borealis website If you continue without changing your settings, we'll assume that you are happy to receive all cookies from this website.
If you would like to change your preferences you may do so by following these instructions. Cookie Policy

Accept

Back

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

Media Release – 19/02/2018

U.S.: Total, Borealis and NOVA Chemicals sign definitive agreements to form a joint venture in petrochemicals

Read more

Media Release – 12/02/2018

Borealis continues strong financial performance with a net profit of EUR 1,095 million in 2017

Read more

Media Release – 15/01/2018

Borealis and Borouge celebrate the tenth anniversary of their Water for the World programme, having helped 800,000 people to access clean water and sanitation

Read more

Media Release – 18/12/2017

Borealis continues support for UAE social welfare organisations

Read more

Media Release – 30/11/2017

Frost & Sullivan recognizes Borealis with the Product Leadership Award in the Power Cable Materials Industry

Read more

Media Release – 27/11/2017

Borealis and the Johannes Kepler University create the “MORE” scholarship for asylum seekers and beneficiaries

Read more

Media Release – 23/11/2017

Borealis joins Together for Sustainability to enhance sustainability in its supply chain

Read more

Media Release – 06/11/2017

Borealis to study feasibility of a PP capacity increase in Europe

Read more

Media Release – 03/11/2017

Borealis delivers a solid quarter, advances on key growth initiatives

Read more