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On May 28, 2020, BASF successfully placed bonds with a total volume of €2.0 billion on the capital market. The first tranche has an issue volume of €1.0 billion, a term of 3 years and an annual coupon of 0.101% and will be used for general corporate financing purposes. With the second tranche, BASF issued its first green bond. This has a term of 7 years, a volume of €1.0 billion and an annual coupon of 0.25%; it serves to finance sustainable products and projects. BASF was able to secure attractive conditions thanks to its very solid financial structure and its leading sustainability position. 

The company management and employee representatives at BASF SE today (May 6, 2020) signed a new site agreement. Entitled “Living the new BASF together!”, the agreement applies to the approximately 34,000 employees of BASF SE at the Ludwigshafen site. It will run for five and a half years (from June 1, 2020 until December 31, 2025) and replaces the current site agreement, which would have expired at the end of 2020.

BASF Group’s sales in the first quarter of 2020 increased by 7 percent compared with the prior-year quarter to €16.8 billion. This was mainly driven by a 4 percent increase in volumes. Income from operations (EBIT) before special items was €1.6 billion, down by 6 percent compared with the first quarter of 2019. The decline in EBIT before special items was mainly attributable to significantly lower contributions from the Chemicals and Materials segments and from Other.