Syngenta to meet with fixed income investors
Basel, Switzerland
Syngenta AG has mandated BNP Paribas, Citi, Credit Suisse and HSBC to arrange a series of fixed income investor meetings starting on April 9, 2018. Subject to market conditions, this roadshow may be followed by the issuance of senior bonds which, potentially in conjunction with a bank loan financing transaction, aims to raise a total of up to USD 4.8bn equivalent. The senior bonds will be structured as follows:
- multi-tranche benchmarked-sized USD-denominated, 144A/Reg S, senior unsecured notes with various maturities up to 30 years.
Bookrunners - BNP Paribas, Citi, Credit Suisse, HSBC, MUFG and Santander. - EUR-denominated, Reg S, fixed rate, senior unsecured notes with maturity of 3-8 years and size of minimum EUR 500m.
Bookrunners - BNP Paribas, Credit Agricole CIB, Credit Suisse, HSBC, ING, Santander and UniCredit.
Syngenta AG is rated BBB-/Ba2/BBB by S&P, Moody’s, and Fitch respectively.
The net proceeds from the sale of the notes will be used in connection with a refinancing arrangement of Syngenta’s shareholder. Any remaining proceeds would be used for general corporate purposes at Syngenta.
About Syngenta
Syngenta is a leading agriculture company helping to improve global food security by enabling millions of farmers to make better use of available resources. Through world class science and innovative crop solutions, our 28,000 people in over 90 countries are working to transform how crops are grown. We are committed to rescuing land from degradation, enhancing biodiversity and revitalizing rural communities. To learn more visit www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter® at www.twitter.com/Syngenta.
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This announcement does not constitute an offer of securities to the public in the United Kingdom. This announcement is being distributed to and is directed only at: (i) persons who are outside of the United Kingdom; (ii) investment professionals specified in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”); (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order; and (iv) persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities of Syngenta or any member of its group may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons”). Any investment activity to which this announcement relates will only be available to, and will be engaged in only with, Relevant Persons.
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