Borealis successfully launched inaugural bond
Borealis, a leading provider of chemical and innovative plastics solutions, has successfully launched its inaugural bond in Austria. The initially planned amount of EUR 100 million was increased to EUR 200 million as the market reacted very positively to the offer. Borealis will use the additional funds for general corporate purposes including financing of the company's major investment projects in Europe and the Middle East.
"We are very pleased about the success of our inaugural 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 a significant step in an overall strategy to diversify our funding investor base while extending our maturity profile."
Borealis is one of the largest companies in Austria and has its international headquarters in Vienna. With sales of EUR 4.7 billion in 2009, customers in over 120 countries, and 5,200 employees worldwide, Borealis is the second largest plastics producer in Europe and number 9 worldwide ranked by nameplate capacity. In Austria, Borealis operates one of the most modern plastics production site in Europe in Schwechat. The company's international Innovation Headquarters is based in Linz.
END
For further information, please contact:
Kerstin Meckler, Head of Communications,
Tel. +43 122 400 389
Email: kerstin.meckler@borealisgroup.com