---
title: "Sika AG places EUR 1 billion hybrid capital bond on Euronext Dublin; 50% equity treatment by S\u0026P."
sdDatePublished: "2026-08-20T11:43:00Z"
source: "https://www.sika.com/dms/getdocument.get/3248ff93-a7d2-493f-b694-293ec7b210dc/glo-en-media-release-new-bond-19082026.pdf"
topics:
  - name: "financial and business service"
    identifier: "medtop:20000271"
  - name: "financial service"
    identifier: "medtop:20001370"
  - name: "business financing"
    identifier: "medtop:20000183"
  - name: "corporate bond"
    identifier: "medtop:20001376"
  - name: "stocks and securities"
    identifier: "medtop:20000396"
  - name: "business reporting and performance"
    identifier: "medtop:20001365"
  - name: "business strategy and marketing"
    identifier: "medtop:20000192"
  - name: "construction and property"
    identifier: "medtop:20000235"
  - name: "chemicals"
    identifier: "medtop:20000217"
locations:
  - "Leinster"
---


Sika AG places EUR 1 billion hybrid capital bond on Euronext Dublin; 50% equity treatment by S&P.

MEDIA RELEASE

DATE
PAGE
SIKA AG
August 19, 2026
1 / 2
Zugerstrasse 50
6340 Baar, Switzerland
www.sika.com
CONTACT
TELEPHONE
EMAIL
Dominik Slappnig
Corporate Communications &
Investor Relations
+41 58 436 68 21
slappnig.dominik@ch.sika.com

SIKA AG
Zugerstrasse 50 ∙ 6340 Baar ∙ Switzerland
Tel.: +41 58 436 68 00 · www.sika.com

SIKA SUCCESSFULLY PLACES EUR 1 BILLION HYBRID CAPITAL BOND

Sika today successfully placed an inaugural hybrid capital bond (fixed rate resettable
subordinated debt) with a total amount of EUR 1 billion split into two EUR 500 million tranches.
The hybrid bonds were placed into the European institutional fixed income investor base with
Citigroup acting as Global Coordinator and BofA Securities, Citigroup, and UBS Investment Bank
as active bookrunners. They will be listed on the regulated market of Euronext Dublin.

-
EUR 500 million 30NC5.75-year hybrid bond with a coupon of 4.375% per annum, with a
first call date on February 26, 2032 and first reset date on May 26, 2032. The bond was
issued at 99.397 % with a yield of 4.500%. (ISIN: XS3476053445)

-
EUR 500 million 30NC8.75-year hybrid bond with a coupon of 4.875% per annum, with a
first call date on February 26, 2035 and first reset date on May 26, 2035. The bond was
issued at 99.153% with a yield of 5.000%. (ISIN: XS3476053791)

The transaction is structured to receive 50% equity treatment at S&P and demonstrates Sika’s
commitment to the A- issuer rating by S&P, with the outlook having been revised from Negative
to Stable on Monday, August 17, 2026.

The net proceeds of the transaction will be used for general corporate purposes including
financing of bolt-on acquisitions and refinancing of existing financial indebtedness.

SIKA CORPORATE PROFILE
Sika is a specialty chemicals company with a globally leading position in the development and
production of systems and products for bonding, sealing, damping, reinforcing, and protection in
the building sector and industry. Sika has subsidiaries in 103 countries around the world,
produces in over 400 factories, and develops innovative technologies for customers worldwide.

MEDIA RELEASE

DATE
PAGE
August 19, 2026
2 / 2

SIKA AG
Zugerstrasse 50 ∙ 6340 Baar ∙ Switzerland
Tel.: +41 58 436 68 00 · www.sika.com

In doing so, it plays a crucial role in enabling the transformation of the construction and
transportation industries toward greater environmental compatibility. In 2025, Sika’s 33,700
employees generated annual sales of CHF 11.20 billion.