May 19 (Reuters) - Specialty chemicals company Ashland Inc
(ASH.N: Quote, Profile, Research) on Tuesday sold $650 million of eight-year senior notes
in the 144a private placement market, said IFR, a Thomson
Reuters service.

The size of the deal was increased from an originally
planned $600 million.

Bank of America and Scotia Bank were the joint bookrunning
managers for the sale.
BORROWER: ASHLAND INC.
AMT $650 MLN* COUPON 9.125 PCT MATURITY 6/1/2017
TYPE SR NOTES ISS PRICE 96.577 FIRST PAY 12/1/2009
MOODY'S Ba3 YIELD 9.75 PCT SETTLEMENT 5/27/2009
S&P BB-MINUS SPREAD 680 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YEARS
* $627.7507 MLN PROCEEDS TO ISSUER