Syngenta Group evaluates first public U.S. dollar bond issuance

syngenta-group-evaluates-first-public-us.-dollar-bond-issuance

Stock Markets 1 hour ago (Oct 12, 2022 01:25AM ET)

Syngenta Group evaluates first public U.S. dollar bond issuance © Reuters. FILE PHOTO: Flowers grow in front of Swiss agrochemicals maker Syngenta’s logo at the company’s headquarters in Basel August 19, 2015. REUTERS/Arnd Wiegmann

(Reuters) -Swiss agrichemicals and seeds group Syngenta confirmed on Wednesday that it was evaluating conditions for a U.S. dollar bond issue, the firm’s first public bond issuance.

The firm launched a 3-1/2-year U.S. dollar bond at U.S. Treasuries plus 125 basis point price guidance, according to a term sheet seen by Reuters.

“After a two-day virtual roadshow, Syngenta Group is looking to price its inaugural dollar bond issue today. The potential uses would be general corporate purposes, including refinancing of debt,” Syngenta told Reuters in an emailed response.

The group, however, did not disclose the potential size of the issuance.

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