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ABB to Issue CHF 350 Million Bond - ABB, the leading power and automation technology group, announced a new issuance of CHF350 million 1.50% Notes due in 2018 - ABB.com
ABB to Issue CHF 350 Million Bond

 

NewswireToday - /newswire/ - Zurich, Switzerland, 2012/01/04 - ABB, the leading power and automation technology group, announced a new issuance of CHF350 million 1.50% Notes due in 2018 - ABB.com. NYSE: ABB

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

The Notes will be issued by ABB Ltd, which is incorporated in Switzerland and is the ultimate holding company of the ABB Group.

Issuance will take place on or around January 23, 2012, which is the expected settlement date of the Notes.

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 130,000 people.

The Note has not been registered under the Securities Act of 1933, as amended, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act of 1933, as amended, and applicable state securities or blue sky laws and foreign securities laws.

This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy the Note or any other securities. The Note offering is only being made by means of a private offering memorandum, and not being made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful.

 
 
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Written by / Agency / Source: ABB Robotics / ABB Ltd

 
 

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ABB to Issue CHF 350 Million Bond

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ABB |
Publisher Contact: Antonio Ligi / Thomas Schmidt - ABB.com 
+41 43 317 6568 media.relations[.]ch.abb.com
 
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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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