LANXESS plans to issue Euro Benchmark Bond in June 2005
01 Jun '05
1 min read
German based chemical manufacturer LANXESS plans to issue a fixed rate Euro Benchmark Bond in June 2005. With this transaction the company intends to take advantage of currently favorable market conditions and to extend its debt maturity profile. The proceeds from the bond issue will be used to refinance existing bank debt.
Mandated joint-bookrunners for this inaugural Eurobond transaction for LANXESS are Citigroup, HVB Corporates and Markets and JP Morgan.
LANXESS is an international chemical company with customers around the world. As a strategic source for high-quality chemicals, synthetic rubber, synthetic fibers and plastics, LANXESS provides support for the development and implementation of optimized product and system solutions.
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