By Laura Contemori – ROME (Econostream) – German specialty chemicals company Lanxess AG on Wednesday priced a €500 million five-year senior unsecured bond.

The notes mature on June 24, 2031 and carry a fixed annual coupon of 4.375%.

Final pricing was set at 183.3bp over mid-swaps, corresponding to a reoffer price of 98.906 and a reoffer yield of 4.625%. The deal was also priced 196.6bp over the 2.50% German federal note due 2031.

The bond is expected to be rated Ba1 by Moody’s and BBB by Scope Ratings.

The notes include a make-whole call at Bunds plus 30bp, a three-month par call, a change-of-control provision, an 80% clean-up call and a tax call.

The bond is governed by German law, with listing expected on the Luxembourg Stock Exchange’s regulated market.

Proceeds will be used for general corporate purposes and refinancing existing indebtedness.

Settlement is scheduled for June 24, 2026.

J.P. Morgan acted as sole global coordinator, with Barclays, BofA Securities, Citigroup, DZ Bank, J.P. Morgan (B&D) and Société Générale acting as joint bookrunners.