LANXESS successfully places EUR 500 million benchmark bond
The new bond is listed on the Luxembourg Stock Exchange in denominations of EUR 1,000.
“We have secured a first step of financing already quickly after the announcement of the deal and are happy about the very receptive reaction of the capital market to our offering,” said LANXESS CFO Michael Pontzen.
LANXESS' issuer ratings are currently Baa2 (Moody’s), BBB (Standard & Poor’s) and BBB+ (Scope). A bank consortium of active joint bookrunners comprising Citi, Société Générale and Unicredit was mandated to place the bond.
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