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Borealis Plans to Issue a Corporate Bond

Published: June 20, 2012; 13:34 · (Vindobona)

The subsidiary of Austrian OMV and the Abu Dhabi investment fund IPIC may issue a corporate bond of up to € 200m.

Borealis Plans to Issue a Corporate Bond / Picture: © Borealis

Borealis, a provider of chemical and innovative plastics solutions, plans to issue a retail-targeted corporate bond with a nominal amount of € 100m (up to a maximum of € 200m) and a tenor of 7 years subject to market conditions. The net proceeds of the issue of notes will be used for general corporate purposes, including the strengthening of its financial position and to expand its…

This article includes a total of 190 words.

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