ABB International Finance Limited placerar framgångsrikt konvertibla obligationer värda 968 MUSD

2002-04-29 – ABB meddelar idag att dess erbjudande om konvertibla obligationer värda 968 MUSD blivit framgångsrikt placerat. Erbjudandet om obligationer, vilket löper ut 2007 var kraftigt övertecknat.

Inte för offentligörande, publicering eller distribution i USA, Japan eller Canada eller till Amerikanska medborgare.

Företagets erbjudande kraftigt övertecknat

“Jag är nöjd med att vårt erbjudande togs emot så positivt av marknaden. Det är ytterligare ett tecken på förtroendet för vår finansiella och strategiska styrka,” säger Peter Voser, ABB:s finans- och ekonomichef.

Konverteringspriset sattes till 18,48 CHF per ordinarie aktie i ABB Ltd. Det representerar en konverteringspremie på 30 procent av det volymvägda genomsnittspriset under den 29 april 2002. Varje obligation med ett värde på 1 000 USD är är konverterbara till 87,7489 aktier baserat på en fastslagen växelkurs på 1 USD lika med 1,6216 CHF.

Introduktionspriset på konvertibelobligationen är 100 procent. Kupongen har satts till 4,625 procent årligen med halvårskupong. Obligationerna kommer att lösas in på förfallodagen (som förväntas bli på eller kring den 16 maj 2007), om inte tidigare inlöst, konverterade eller köpta och annullerad.

Handel med obligationen kommer att börja den 30 april 2002, den första handelsdagen efter utgången av teckningsperioden. Listning på börsen i Luxemburg beräknas att ske på eller kring den 16 maj 2002.

Betalning och leverans beräknas att ske på eller kring den 16 maj 2002.

Erbjudandet leds av Credit Suisse First Boston och Schroder Salomon Smith Barney samt Barclays Capital de två förstnämnda handhar även administrationen som så kallade ”bookrunners”.

ABB (www.abb.com) är världsledande inom kraft- och automationsteknik. Våra lösningar förbättrar prestanda och minimerar miljöpåverkan för energiföretag och industrier.
ABB har 152 000 medarbetare i mer än 100 länder.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, JAPAN OR CANADA OR TO U.S. PERSONS

THIS ANNOUNCEMENT IS NOT FOR PUBLICATION OR DISTRIBUTION OR RELEASE IN THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) CANADA OR JAPAN OR TO U.S. PERSONS. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF AN OFFER OR SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED(“THE SECURITIES ACT”), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO OR FOR THE BENEFIT OF U.S. PERSONS, EXCEPT PURSUANT TO AN APPLICABLE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES. NO PUBLIC OFFERING OR PRIVATE PLACEMENT OF SECURITIES IS BEING MADE IN THE UNITED STATES.

This document has been prepared for information purposes only and is not to be relied upon in substitution for the exercise of independent judgement. It is not intended as investment advice, and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to purchase, any securities nor a recommendation to enter into any transaction; nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. Before entering into any transaction you should take steps to ensure that you understand the transaction and have made an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the possible risks and benefits of entering into such a transaction. You should also consider seeking advice from your own advisers in making this assessment. The binding conditions of the offering will be published in an offering circular or prospectus subsequent to the date hereof. The decision to purchase any of the securities mentioned in this document should be made only on the basis of an offering circular or a prospectus to be issued in connection with the offering, and not this document. Information or opinions contained herein have been compiled from sources believed to be reliable, but neither CSFB or SSSB nor any of their subsidiaries and affiliates accepts liability for any loss arising from the use hereof or makes any representation as to its accuracy or completeness. The information contained herein is subject to change without notice. This document may not be reproduced or redistributed to any other person.

This press release comprises only a summary of the terms of the offering described herein. This press release does not constitute an offer or invitation to purchase any securities nor a recommendation to enter into any transaction; nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. The decision to purchase any of the securities mentioned in this document should be made only on the basis of an offering circular or a prospectus to be issued in connection with the offering, and not this document.

Stabilisation/FSA. In connection with the offering, the managers may engage in transactions that stabilise, maintain or otherwise affect the price of the Bonds and/or the Shares referred to herein.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, JAPAN OR CANADA OR TO U.S. PERSONS

The distribution of this term sheet in other jurisdictions may be restricted by law and persons into whose possession this term sheet comes should inform themselves about, and observe, any such restrictions.

The information in this document has been provided by the Company and has not been verified by CSFB or SSSB. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by CSFB or SSSB or by any of their respective officers, servants or agents as to or in relation to the accuracy or completeness of this document, or any other written or oral information made available to any interested party or its advisers and any liability therefor is hereby expressly disclaimed.

Summary terms and conditions of the Convertible

IssuerABB International Finance Limited
Joint BookrunnersCredit Suisse First Boston and Schroder Salomon Smith Barney
Joint Lead ManagersBarclays, Credit Suisse First Boston and Schroder Salomon Smith Barney
AmountApproximately US$ 900 million
Over-allotment optionNone
TypeUnsubordinated convertible bonds
Issue price100%
Coupon4,625 %, payable semi-annually
Conversion premium at issue30 %
Issuer call optionFrom the third anniversary of issue, expected to be on or around May 16, 2005 at par subject to share price being higher than 130% of the conversion price
Redemption price at maturity100%
MaturityOn or around May 16, 2007


Senast uppdaterad 2002-04-29
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