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Written by / Agency / Source: ABB Robotics / ABB Ltd
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ABB Has Launched a EUR Benchmark Bond Offering - ABB, the leading power and automation technology group, announced that its subsidiary ABB Finance B.V. has launched a EUR 1.25 billion 7-year bond transaction - ABB.com
ABB Has Launched a EUR Benchmark Bond Offering

 

NewswireToday - /newswire/ - Zurich, Switzerland, 2012/03/19 - ABB, the leading power and automation technology group, announced that its subsidiary ABB Finance B.V. has launched a EUR 1.25 billion 7-year bond transaction - ABB.com. ABBN: SIX Swiss Ex

   
 
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The bonds carry a coupon of 2.625% and will be issued under the ABB Finance B.V. USD 8 billion Debt Issuance Programme. The notes will be guaranteed by ABB Ltd, the ultimate holding company of the ABB Group.

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

Issuance will take place on or around March 26, 2012 which is the expected settlement date of the of the bonds.

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 135,000 people.

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

 
 

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ABB Has Launched a EUR Benchmark Bond Offering

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