03/12/2009, Düsseldorf


Henkel issues 1 bn Euro Senior Bond

Henkel has today successfully placed a 1 bn Euro Senior Bond. The bond has a term of 5 years and matures on March 19, 2014. The bond pays a coupon of 4.625 percent and has been issued at a price of 99.86 percent. Closing is expected to take place on March 19, 2009. The bond will be listed at the Luxembourg Stock Exchange.

The issue attracted a very high level of investor demand which was reflected by a six-times oversubscription. It was placed with international investors, predominantly from Europe.

The proceeds from the issue will be used to partly repay short-term debt, especially the bridge financing from the acquisition of the National Starch businesses. “The successful placement of our bond reflects both Henkel's high credit quality and our excellent access to the capital markets,” commented Henkel CFO Lothar Steinebach. “With the placement we can transform the term structure of our existing debt instruments in favor of long-term borrowings. Consequently, we see no additional refinancing need for 2009 and 2010.”

Joint bookrunners were BNP, Citigroup, HSBC und RBS. The bond will be issued under the existing Debt Issuance Program. Henkel’s current long-term rating is A by Standard & Poor’s and A2 by Moody's.