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US: Syngenta announces bond issue

Syngenta has announced the successful issue of USD7 50 million in US dollar denominated bonds, comprising a USD 500 million bond with a ten year maturity and a USD 250 million bond with a thirty year maturity.

The offer was made pursuant to Syngenta's automatic shelf registration statement filed with the U.S. Securities and Exchange Commission on November 16, 2011 and a prospectus supplement thereto. The proceeds of the bond will be used for general corporate purposes.

John Ramsay, Syngenta CFO, said: "We have taken advantage of current favorable market conditions in order to further enhance our debt maturity profile. This bond issue is part of our normal funding requirements."

Source: www.marketwatch.com


Publication date: 3/23/2012


 


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