BASF plans to issue a Euro Benchmark Bond

20.05.2005

BASF Aktiengesellschaft plans to issue a Euro Benchmark Bond in May 2005. With this transaction the company wishes to take advantage of the currently favorable market conditions via a fixed-rate bond. The proceeds from the bond issue will be used to refinance the EUR1.25 billion bond set to mature in July 2005.

The joint-bookrunners for this transaction will be ABN AMRO, Citigroup and Deutsche Bank. The bond will be rated Aa3 and AA- by rating agencies Moody's and Standard & Poor's respectively, in line with the rating of the outstanding bond issues.

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