Tag Archives: CapLaw-2018-35

Placement of Senior Convertible Bonds by Sika and Creation of Unitary Shares

On 15 May 2018, Sika AG completed the placement of CHF 1,650 million senior convertible bonds due 2025 to be listed on the SIX Swiss Exchange. The convertible bonds were provisionally allocated to investors participating in an institutional book building. The allocation is subject to claw back by existing shareholders who may exercise their subscription rights. The offering closed on 5 June 2018.