ABB has announced that it has priced its recently launched €750 million 7-year bond.
The bonds carry a coupon of 0.75% and will be issued under the ABB Finance B.V. US$8 billion Debt Issuance Programme. The bonds will be guaranteed by ABB Ltd, the parent company of the ABB Group.
The net proceeds of the issue will be used for general corporate purposes. Issuance will take place on or around 16 May 2017, which is the expected settlement date of the bonds.
Read the article online at: https://www.worldcement.com/europe-cis/10052017/abb-prices-750-million-bond/