Basel, Switzerland, March 5, 2008
Syngenta announced today the successful issue of a CHF 500 million domestic bond with five years maturity. The proceeds of the bond will be used for general funding purposes as well as further optimization of the balance sheet.
John Ramsay, CFO, said "The strong demand for Syngenta's credit in a highly challenging market environment is a reflection of the company's financial strength. The successful execution of this transaction will allow us to decrease our average funding costs".
Syngenta is a world-leading agribusiness committed to sustainable agriculture through innovative research and technology. The company is a leader in crop protection, and ranks third in the high-value commercial seeds market. Sales in 2007 were approximately $9.2 billion. Syngenta employs over 21,000 people in more than 90 countries. Syngenta is listed on the Swiss stock exchange (SYNN) and in New York (SYT).
Media Enquiries:
Analyst/Investors:
| Jonathan Seabrook |
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Switzerland |
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+41 61 323 7502 |
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U.S. |
+1 202 737 6520 |
| Jennifer Gough |
Switzerland |
+41 61 323 5059 |
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U.S. |
+1 202 737 6521 |
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This document contains forward-looking statements, which can be identified by terminology such as ‘expect’, ‘would’, ‘will’, ‘potential’, ‘plans’, ‘prospects’, ‘estimated’, ‘aiming’, ‘on track’ and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. We refer you to Syngenta's publicly available filings with the U.S. Securities and Exchange Commission for information about these and other risks and uncertainties. Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors. This document does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer, to purchase or subscribe for any ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall it form the basis of, or be relied on in connection with, any contract therefor.
