OREANDA-NEWS. Clariant, a world leader in specialty chemicals, announced today the issuance of totally EUR 300 million in the German market for certificates of indebtedness ("Schuldschein"). The four certificates have a term of 5 years (EUR 150 million) respectively 8 years (EUR 150 million) each with fix or float coupons.

The interest to be paid for the certificates of indebtedness is based on six months Euribor (variable tranche) or mid-swap (fixed tranche), respectively, plus a credit margin premium (spread). Total interest costs per tranche are between 1.1% and 1.6% p.a. at present.

Clariant has further improved its debt maturity profile with the issuance of these certificates. The proceeds are for general corporate purposes and refinancing.

Clariant is a globally leading specialty chemicals company, based in Muttenz near Basel/Switzerland. On December 31, 2014 the company employed a total workforce of 17 003. In the financial year 2014, Clariant recorded sales of CHF 6.116 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis & Energy, Natural Resources, and Plastics & Coatings. Clariant's corporate strategy is based on five pillars: increase profitability, reposition portfolio, add value with sustainability, foster innovation and R&D, and intensify growth.