LANXESS successfully places EUR 500 million benchmark bond

Cologne

The specialty chemicals company LANXESS has successfully placed a 6-year-tenor euro benchmark bond with a coupon of 0.0 percent in the European capital market. LANXESS will use the funds to finance the planned acquisition of the microbial control business of US-based chemical company IFF.

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 acquisition of IFF Microbial Control and are happy about the very receptive reaction of the capital market to our offering,” said LANXESS Chief Financial Officer 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.

Information for editors:
All global LANXESS news releases and their accompanying photos can be found at http://press.lanxess.com.
Recent photos of the Board of Management and other LANXESS image material are available at http://photos.lanxess.com.

 

MORE ABOUT THIS TOPIC

PRESS RELEASE
Modular plant for water purification usimg Lewatit TP 108 DW ion exchange resin. Operatot De Watergroep, Belgium

LANXESS’ ion exchange resin for mobile water treatment unit for PFAS removal

November 19, 2024
PRESS RELEASE
refrigeration lubricant, synthetic ester lubricant Everest ESR 220, HVAC (heating, ventilation and air conditioning) and refrigeration systems

LANXESS launches environmentally sustainable refrigeration lubricant Everest ESR 220

November 13, 2024
PRESS RELEASE
Since August 1, 2013, specialty chemicals Group LANXESS is steering its global business from the LANXESS Tower in Cologne.

LANXESS significantly increases earnings in the third quarter of 2024

November 07, 2024
PRESS RELEASE
LANXESS Headquarters in Cologne

LANXESS signs contract to sell Urethane Systems business to UBE Corporation

October 03, 2024
PRESS RELEASE
LANXESS corporate headquarters in Cologne

LANXESS signs new sustainable credit line for EUR 800 million

September 26, 2024