A debt package for the auto paint and finishing division of European chemicals firm BASF SE drew demand of over three times the deal’s size, as investor interest in the troubled sector starts to revive after months in the doldrums.
A debt package for the auto paint and finishing division of European chemicals firm BASF SE drew demand of over three times the deal’s size, as investor interest in the troubled sector starts to revive after months in the doldrums.
Banks have kicked off the sale of roughly €1.95 billion-equivalent ($2.28 billion) of junk bonds to help finance BASF SE’s auto paint and finishing division acquisition by Carlyle Group Inc. and partner Qatar Investment Authority.
Banks have kicked off the sale of roughly €1.95 billion-equivalent ($2.28 billion) of junk bonds to help finance BASF SE’s auto paint and finishing division acquisition by Carlyle Group Inc. and partner Qatar Investment Authority.
A storage silo stands at a BASF chemical plant on the bank of the River Rhine in Ludwigshafen, Germany.
Banks have launched a debt sale worth over $2 billion for the auto paint and finishing division of BASF SE, amid a difficult market backdrop for the chemicals industry.
Banks have launched a debt sale worth over $2 billion for the auto paint and finishing division of BASF SE, amid a difficult market backdrop for the chemicals industry.
The BASF SE chemical plant in Ludwigshafen, Germany.
BASF SE is raising prices on plastic-protecting chemicals, commonly used in the car and consumer goods industries, for a second time since the start of the Iran conflict in February.
BASF SE is raising prices on plastic-protecting chemicals, commonly used in the car and consumer goods industries, for a second time since the start of the Iran conflict in February.
The BASF SE headquarters in Ludwigshafen, Germany.
German manufacturer BASF has warned that its 2026 adjusted operating income may either decline or increase only marginally amid challenging market conditions, falling short of market expectations and leading the chemicals group to intensify its cost-cutting measures. CFO Dirk Elvermann spoke with Bloomberg's Vonnie Quinn. (Source: Bloomberg)
German manufacturer BASF has warned that its 2026 adjusted operating income may either decline or increase only marginally amid challenging market conditions, falling short of market expectations and leading the chemicals group to intensify its cost-cutting measures. CFO Dirk Elvermann spoke with Bloomberg's Vonnie Quinn. (Source: Bloomberg)
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