Zurich, Switzerland, April 25, 2016 - ABB announced that its subsidiary ABB Finance B.V. has priced the EUR 700 million 7-year bond transaction it launched earlier today.
The bonds carry a coupon of 0.625% and will be issued under the ABB Finance B.V. USD 8 billion Debt Issuance Program. The bonds will be guaranteed by ABB Ltd, the ultimate 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 May 3, 2016 which is the expected settlement date of the bonds.
ABB (www.abb.com) is a leading global technology company in power and automation that enables utility, industry, and transport & infrastructure customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in roughly 100 countries and employs about 135,000 people.