Key highlights
- Brenntag placed a EUR 600 million bond on the European capital market.
- The bond has a six-year maturity and a 3.375% coupon.
- The issue price was 99.43%, resulting in significant oversubscription.
- Proceeds will be used for general corporate purposes.
Bond Issuance
Brenntag successfully placed a EUR 600 million bond on the European capital market. The bond was issued by Brenntag Finance B.V. under the existing "Debt Issuance Programme."
Bond Details
The bond has a maturity of six years and carries a coupon rate of 3.375%. The issue price was set at 99.43%, and the offering received strong investor interest, leading to significant oversubscription.
Credit Ratings
The issuer ratings for the Brenntag Group are BBB+ with a negative outlook from Standard & Poor's and Baa2 with a stable outlook from Moody's. The bonds carry the same ratings.
Use of Proceeds
The proceeds from the bond issuance will be used for general corporate purposes. The bonds are listed on the Euro MTF market of the Luxembourg Stock Exchange.
