Swiss chemical company Clariant (CLN.VX) has set pricing on its EUR500 million, five-year bond at 425 basis points to 437.5 basis points over midswaps, one of the banks running the deal said Tuesday.

BNP Paribas S.A., Citigroup Inc., and Unicredit S.p.A are the lead managers on the deal, which is expected to price Tuesday.

The issuer is rated BBB- by Moody's Investors Services and Ba1 by Standard and Poor's Corp.

- By Sarka Halas, Dow Jones Newswires; +44 (0) 207 842 9236; Sarka.Halasova@dowjones.com

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