Syngenta to Meet with Fixed Income Investors

Syngenta AG has mandated BNP Paribas, Citi, Credit Suisse, HSBC, MUFG and Santander to arrange a series of fixed income investor meetings commencing on September 11, 2017. A multi-tranche benchmark-sized USD-denominated 144A/RegS senior unsecured notes offering of various maturities up to 30 years is expected to follow, subject to market conditions. Syngenta AG is rated BBB-/Ba2/BBB (all outlooks stable) by S&P, Moody’s, and Fitch. Furthermore, Syngenta may use its $ 7.5bn EMTN program for further issuances.

The net proceeds from the sale of the notes will be used mainly to refinance the bridge financing for ChemChina’s acquisition of Syngenta. Any remaining proceeds would be used for general corporate purposes at Syngenta.

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