May 18, 2009 / 11:04 AM / 10 years ago

BASF offers 500 mln euro tap of 2015 bond -IFR

LONDON, May 18 (Reuters) - BASF BASF.DE, the world’s largest chemical maker, is offering an additional 500 million euro ($677 million) issue on an existing 5.125 percent June 2015 bond, IFR reported on Monday.

The German company has set final guidance at mid-swaps plus 145 basis points, tightening from an initial level of plus around 150 basis points, said IFR Markets, a Thomson Reuters online news and market analysis service.

BNP Paribas, Royal Bank of Scotland and SG CIB are managing the deal, IFR said.

Reporting by Jane Baird; editing by John Stonestreet

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