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BASF raises two billion through bonds

Posted by Otto Knotzer on May 30, 2020 - 12:19pm

BASF raises two billion through bonds

BASF raises two billion through bonds

BASF: Price performance on the Xetra stock exchange for the intraday period

course

48.65

Difference relative

-3.75%

The chemical company has brought fresh capital into the company by placing two bonds with a total volume of two billion euros. The first, three-year tranche with an issue volume of one billion euros and an annual coupon of 0.101 percent will be used for general corporate finance, said BASF. In addition, BASF issued a green bond for the financing of sustainable products and projects for the first time. The paper has a volume of one billion euros, a term of seven years and a coupon of 0.25 percent.

Mihai Cristian Thanks for sharing
May 30, 2020 at 3:22pm