Amadeusz Juskowiak

Dow dow to offer 130 mln dlrs in swiss notes

Dow Chemical Co said it will issue 200 mln Swiss francdenominated bonds worth about 130 mln dlrs US at current exchange rates

The 12year bonds will carry a coupon of 434 pct and will be sold primarily to European investors for 10025 pct of face value Dow said

Proceeds from the offering will be used to refinance existing debt it said

Underwriters are led by Union Bank of Switzerland The bonds will be listed on stock exchanges in Basle Berne Geneva Lausanne and Zurich

Reuter