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Leverkusen, May 23, 2023 — Bayer AG on Tuesday effectively put brand-new senior bonds with an overall volume of 3 billion euros under its Debt Issuance Program. The issuance consists of 3 tranches and had to do with 4 times covered. Bayer means to note the bonds on the Regulated Market of the Luxembourg Stock Exchange. The profits are to be utilized for basic business functions.
The 3 tranches with volumes of 750 million euros, 750 million euros and 1.5 billion euros have maturities of 3.25 years, 6.25 years and 10 years, respectively. The discount coupons of the notes are 4.000 percent p.a., 4.250 percent p.a. and 4.625 percent p.a., respectively. The notes have actually been provided in denominations of 1,000 euros.
The notes are anticipated to be ranked Baa2, BBB and BBB+ by Moody’s, Standard & & Poor’s and Fitch, respectively.
“The high level of oversubscription of our brand-new bonds shows financiers’ self-confidence in Bayer’s advancement,” stated Bayer CFO Wolfgang Nickl.
BofA Securities, Citi and Deutsche Bank led the deal as Joint Active Bookrunners.
About Bayer
Bayer is a worldwide business with core proficiencies in the life science fields of healthcare and nutrition. Its services and products are developed to assist individuals and the world prosper by supporting efforts to master the significant difficulties provided by a growing and aging worldwide population. Bayer is dedicated to driving sustainable advancement and creating a favorable effect with its companies. At the very same time, the Group intends to increase its making power and develop worth through development and development. The Bayer brand name means trust, dependability and quality throughout the world. In financial 2022, the Group utilized around 101,000 individuals a