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Altana Issues a €150-Million German Bond

8:41 AM MST | March 7, 2012 | Sotirios Frantzanas

Altana (Wesel, Germany), a privately owned specialty chemicals company, says it has successfully issued a German type of bond dubbed "schuldschein" valued at €150 million ($197 million). This is the first time the company has issued a "schuldschein", Altana says. The transaction will strengthen Altana's long-term financing capacities, and will be used to partially refinance a syndicated credit line of €400 million, which will expire in 2013, the company says. The transaction is also expected to enable Altana to diversify...

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