Brenntag lengthens Maturity Profile with oversubscribed EUR 600 mn Bond Placement
Global chemical distributor Brenntag AG (Mülheim an der Ruhr, Germany) has last week placed a EUR 600 mn corporate bond with institutional investors. The issues of the eight-year bond, bearing a coupon of 1.125%, was priced at 99.227% by the issuer Brenntag Finance B.V.
Brenntag said it will use the proceds of this oversubscribed bond issue to repay existing debt and also to fund general business development projects. The company plans to list the bond on the Luxembourg Stock Exchnage Euro MTF market.
Source: Brenntag press release
HGE – DCG / 27.09.2017