ABB, the leading power and automation technology group, announced a new issuance of CHF350 million 1.50% Notes due in 2018.
The net proceeds of the issue will be used for general corporate purposes.
The Notes will be issued by ABB Ltd, which is incorporated in Switzerland and is the ultimate holding company of the ABB Group.
Issuance will take place on or around January 23, 2012, which is the expected settlement date of the Notes.
The Note has not been registered under the Securities Act of 1933, as amended, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act of 1933, as amended, and applicable state securities or blue sky laws and foreign securities laws.
This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy the Note or any other securities. The Note offering is only being made by means of a private offering memorandum, and not being made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful.
The net proceeds of the issue will be used for general corporate purposes.
The Notes will be issued by ABB Ltd, which is incorporated in Switzerland and is the ultimate holding company of the ABB Group.
Issuance will take place on or around January 23, 2012, which is the expected settlement date of the Notes.
The Note has not been registered under the Securities Act of 1933, as amended, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act of 1933, as amended, and applicable state securities or blue sky laws and foreign securities laws.
This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy the Note or any other securities. The Note offering is only being made by means of a private offering memorandum, and not being made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful.
