2012-11-13

LANXESS places EUR 500 million bond

  • Ten year maturity
  • 2.625% per year coupon
  • Extension of debt maturity profile

Leverkusen/Shanghai – The specialty chemicals group LANXESS has successfully placed a long-term eurobond on the European capital market under the company’s existing Debt Issuance Program.

 

The issue, which was very well received by investors, has a volume of EUR 500 million and a ten year term. The bond has a 2.625 percent per year coupon and will be traded in denominations of € 1,000 on the Luxembourg stock exchange under the ISIN code XS0855167523 as of November 21, 2012.

 

“We are capitalizing on the positive receptivity of the fixed income market, especially for investment grade-rated corporate bonds, in order to already address our maturities in the coming years and thus secure low interest rate levels for a long period,” said Bernhard Duettmann, Chief Financial Officer.

 

Joint lead managers of the issue were Bayerische Landesbank, Commerzbank, UniCredit Bank and The Royal Bank of Scotland. The bond is rated BBB (stable outlook) by Standard & Poor’s and Baa2 (stable outlook) by Moody’s.


LANXESS is a leading specialty chemicals company with sales of EUR 8.8 billion in 2011 and currently around 17,100 employees in 31 countries. The company is at present represented at 49 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. LANXESS is a member of the leading sustainable indices Dow Jones Sustainability Index (DJSI) World and FTSE4Good.


Forward-Looking Statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to confirm them to future events or developments.

Information for editors:

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