Borealis: Intended New Bond Issue
The Austrian chemcial company intends to issue corporate bonds of up to € 200m.
Borealis AG which has already one bond listed in the Second Regulated Market of the Vienna Stock Exchange, announces its intention to issue another corporate bond with an expected volume of € 100m (max € 200m) and tenor of seven years. The issuance is subject to positive market conditions and the prospectus approval.
The Vienna-based company is focused on providing plastic materials to the infrastructure, automotive and advanced packaging markets across Europe, the Middle East and Asia. Borealis operates in 120 countries. In addition, Borealis offers a wide range of base chemicals from melamine and fertilizers to phenol and acetone. Borealis employs around 5,100 employees worldwide.