Leverkusen, Could perchance 23, 2023 – Bayer AG on Tuesday efficiently positioned glossy senior bonds with a complete volume of three billion euros below its Debt Issuance Program. The issuance contains three tranches and modified into about four instances lined. Bayer intends to checklist the bonds on the Regulated Market of the Luxembourg Stock Substitute. The proceeds are to be used for general company purposes.
The three tranches with volumes of 750 million euros, 750 million euros and 1.5 billion euros procure maturities of three.25 years, 6.25 years and 10 years, respectively. The coupons of the notes are 4.000 percent p.a., 4.250 percent p.a. and 4.625 percent p.a., respectively. The notes procure been issued in denominations of 1,000 euros.
The notes are expected to be rated Baa2, BBB and BBB+ by Moody’s, Fashioned & Unlucky’s and Fitch, respectively.
“The high level of oversubscription of our glossy bonds displays merchants’ self assurance in Bayer’s pattern,” said Bayer CFO Wolfgang Nickl.
BofA Securities, Citi and Deutsche Financial institution led the transaction as Joint Energetic Bookrunners.
About Bayer
Bayer is a world enterprise with core competencies within the existence science fields of well being care and weight reduction plot. Its products and companies and products are designed to attend folks and the planet thrive by supporting efforts to grasp the predominant challenges presented by a rising and growing previous global population. Bayer is devoted to driving sustainable pattern and producing a obvious impact with its companies. At the identical time, the Neighborhood objectives to amplify its earning vitality and secure designate by innovation and enhance. The Bayer mark stands for believe, reliability and quality within the direction of the field. In fiscal 2022, the Neighborhood employed spherical 101,000 folks and had gross sales of 50.7 billion euros. R&D expenses before special objects amounted to 6.2 billion euros. For more information, hotfoot to www.bayer.com.
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