BASF mandates for €1bn bond

German chemicals giant BASF is expected to sell a €1bn ($1.26bn) bond by the end of this week after mandating three banks to lead manage the transaction.

BASF, which is acquiring the US' Engelhard for €5.6bn ($7.2bn), has hired Deutsche Bank, ABN Amro and HSBC to arrange the bond sale, which includes a three-year and 10-year deal.

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