Switzerland based Technology company ABB Ltd has finalised a private placement in the CHF Fixed Rate Edelweiss Bond market. The financing matures in 2030 and was executed by a single dealer.
An Edelweiss bond is a CHF-denominated bond issued by a Swiss entity in the Swiss Domestic Bond market.
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| Issuer Details | |
| Issuer | ABB Ltd |
| LEI | 5493000LKVGOO9PELI61 |
| Industry | Technology Hardware, Storage and Peripherals |
| Country | Switzerland |
| Issuer Description | ABB is a pioneering technology leader that works closely with utility, industry, transport and infrastructure customers in roughly 100 countries. With more than four decades at the forefront of digital technologies, we are a leader in digitally connected and enabled industrial equipment and systems with an installed base of more than 70,000 control systems connecting 70 million devices.. ABB Ltd (ABB) is engaged in power and automation technologies. The Company provides a range of products, systems, solutions and services. Its power businesses focus on power transmission, distribution and power-plant automation and serve electric, gas and water utilities, as well as industrial and commercial customers. Its automation businesses serve a range of industries with measurement, control, protection and process optimization applications. It operates in approximately 100 countries across four regions: Europe, the Americas, Asia, and the Middle East and Africa (MEA). During the year ended December 31, 2011, business consisted of five divisions: Power Products, Power Systems, Discrete Automation and Motion, Low Voltage Products and Process Automation. On January 26, 2011, the Company acquired Baldor Electric Company (Baldor). In May 2011, it purchased a controlling interest in United States-based Validus DC Systems. In May 2012, the Company acquired Thomas & Betts Corporation. |
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| Trade Details | |
| Security Type | Bond |
| Amount | CHF [Login to see full details] |
| Total Amount including taps | CHF [Login to see full details] |
| Total Amount Outstanding | CHF [Login to see full details] |
| Total Order Book | CHF [Login to see full details] |
| Structure | Fixed Rate |
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An Edelweiss bond is a CHF-denominated bond issued by a Swiss entity in the Swiss Domestic Bond market.
Check here for all issuer’s year to date financings.