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Issue 12/2020 - BASF issues €2 billion in corporate bonds

 Last Update: 2022-11-11
 Source: Internet
 Author: User

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BASF issues
€2 billion in corporate bonds
Recently, BASF successfully issued a total of €2 billion of corporate bonds
to the capital market.
The first tranche of €1 billion will be issued over a period of 3 years with an annual interest of 0.
101% and will be used for general corporate financing
.
The second tranche is BASF's first green bond, issued with a size of €1 billion over seven years with an annual interest of 0.
25 percent, which will finance
sustainable products and projects.
With its robust financial structure and leading sustainability position, BASF ensures its attractiveness
to the capital market.

Dr.
Hans-Ulrich Engel, Chief Financial Officer of BASF, said: "We are delighted with the successful issuance
of the bonds.
The strong investor demand for BASF bonds underscores the capital markets' confidence in
our sound financial policies and sustainable corporate strategy.
The first green bond also firmly integrates sustainability into BASF's financing strategy
.
”

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