ABB to Issue CHF 350 million Bond
ABB, the leading power and automation technology group, announced a new issuance of CHF350 million 1.50% Notes due in 2018.
Zurich, Switzerland, Jan. 4, 2012 - 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.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 130,000 people.
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