ABB to Issue CHF 350 million Bond
ABB, the leading power and automation technology group, announced a new issuance of CHF350 million 1.50% Notes due in 2018.
Zurich, Switzerland, Jan. 4, 2012 - ABB, the leading power and automation technology group, announced a new issuance of CHF350 million 1.50% Notes due in 2018.
The net proceeds of the issue will be used for general corporate purposes.
The Notes will be issued by ABB Ltd, which is incorporated in Switzerland and is the ultimate holding company of the ABB Group.
Issuance will take place on or around January 23, 2012, which is the expected settlement date of the Notes.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 130,000 people.
Featured Product
Model TR1 Tru-Trac
The Model TR1 Tru-Trac® linear measurement solution is a versatile option for tracking velocity, position, or distance over a wide variety of surfaces. An integrated encoder, measuring wheel, and spring-loaded torsion arm in one, compact unit, the Model TR1 is easy to install. The spring-loaded torsion arm offers adjustable torsion load, allowing the Model TR1 to be mounted in almost any orientation - even upside-down. The threaded shaft on the pivot axis is field reversible, providing mounting access from either side. With operating speeds up to 3000 feet per minute, a wide variety of configuration options - including multiple wheel material options - and a housing made from a durable, conductive composite material that minimizes static buildup, the Model TR1 Tru-Trac® is the ideal solution for countless applications.
