Borealis, a leading provider of chemical and innovative plastics solutions, has successfully launched its inaugural bond in Austria. The initially planned amount of EUR 100 million was increased to EUR 200 million as the market reacted very positively to the offer. Borealis will use the additional funds for general corporate purposes including financing of the companys major investment projects in Europe and the Middle East, announced the company.
We are very pleased about the success of our inaugural bond in Austria, says Borealis Chief Financial Officer, Daniel Shook. We believe this confirms that Borealis strategy of Value Creation through Innovation, in combination with our strong financial profile, represents an attractive investment opportunity. The Austrian bond is a significant step in an overall strategy to diversify our funding investor base while extending our maturity profile.