CLZNY Clariant Ag (PK)

Swiss chemical company Clariant AG (CLN.VX) priced its EUR500 million, five-year bond, one of the banks running the deal said Tuesday.

BNP Paribas SA, Citigroup Inc. and Unicredit SpA are the lead managers on the deal, which has the following terms:

 
Amount:           EUR500M 
Maturity:         Jan 24, 2017 
Coupon:           5.625% 
Reoffer Price:    99.724 
Payment Date:     Jan 24, 2012 
Spread:           407.5 basis points over midswaps 
Yield:            5.690% 
Debt Ratings:     Ba1 (Moody's) 
                  BBB- (Standard & Poor's) 
Denominations:    EUR100,000 
Interest:         Semiannual Quarterly Annual 
 

-By Serena Ruffoni, Dow Jones Newswires; +44 (0) 207 842 9349; serena.ruffoni@dowjones.com

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