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BASF Issues €2 Billion in Corporate Bonds

Initial placement of a green corporate bond to finance sustainable products and projects.

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By: Anthony Locicero

Copy editor, New York Post

On May 28, 2020, BASF successfully placed bonds with a total volume of €2 billion on the capital market. The first tranche has an issue volume of €1 billion, a term of 3 years and an annual coupon of 0.101% and will be used for general corporate financing purposes. With the second tranche, BASF issued its first green bond.    This has a term of 7 years, a volume of €1 billion and an annual coupon of 0.25%; it serves to finance sustainable products and projects. BASF was able to secure attrac...

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