SGS Issues CHF550 Million Bond For General Corporate Purposes
July 27 2010 - 10:23AM
Dow Jones News
Swiss goods inspection firm SGS AG (SGSN.VX) said Tuesday it has
issued a bond worth 550 million Swiss francs, or $519.5 million, to
finance "general corporate purposes".
The company, which earlier this year said it was interested in
acquisitions that could cost up to CHF300 million, said that the
bond will have a six-year maturity and a coupon of 1.875%.
SGS couldn't immediately be reached for comment.
-By Goran Mijuk, Dow Jones Newswires, +41 43 443 80 47;
goran.mijuk@dowjones.com
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