(Bloomberg) -- German engineering firm Robert Bosch Gmbh is looking to raise at least $750 million through a privately-placed bond sale, people familiar with the matter said. 

Bank of America Corp. and Mizuho Securities are arranging the sale process, said the people, who aren’t authorized to speak publicly. The deal is a market debut for Bosch, and is expected to price in the coming weeks. 

Spokespeople for Bosch and Bank of America declined to comment, while Mizuho did not immediately respond to a request for comment.

It’s the latest European company to go for a US private placement, a form of private debt typically used by blue-chip firms that allows them to directly tap institutional investors and bypass volatility in public credit markets. 

Read more: High-Grade Private Debt Thrives as More Big Deals Come to Market

This year, firms such as Italian chocolatier Ferrero and French drinks maker Remy Cointreau have tapped the market, where the debt is typically provided by pensions, insurance firms and asset managers.

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