Brenntag (ISIN DE000A1DAHH0), the global market leader in chemicals and ingredients distribution, successfully placed a bond totalling EUR 600 million on the European capital market today.
The bond was issued by Brenntag Finance B.V. with a maturity of six years and a Coupon of 3.375%. The issue price was 99,43%. The bonds were issued under the existing ”Debt Issuance Programme” and received strong investor interest, resulting in a significant oversubscription..
Thomas Reisten, Chief Financial Officer of Brenntag SE, commented: “The strong demand from investors and the well-diversified order book once again highlights Brenntag’s appeal in the debt capital markets. We capitalized on favourable market conditions to execute this highly successful transaction. With this new bond issuance, we continue our prudent financing strategy, ensuring flexibility to support our business activities at all times."
The issuer ratings for the Brenntag Group currently stand at BBB+ (Negative outlook) from Standard & Poor's and Baa2 (Stable outlook) from Moody's. The bonds carry the same rating.
The proceeds from the bond issuance will be used by Brenntag for general corporate purpose. The bonds are listed on the Euro MTF market of the Luxembourg Stock Exchange.
