Bayer issues new senior bonds with a volume of 6 billion euros

Leverkusen, July 1, 2020 - Bayer AG on Wednesday successfully placed senior bonds with a total volume of 6 billion euros. The issuance comprises four tranches and exclusively targets institutional investors. The bonds were about 2.5 times oversubscribed. Bayer intends to list the Euro bonds on the Regulated Market of the Luxembourg Stock Exchange.

The four tranches of each 1.5 billion euros have maturities of 4 years, 6.5 years, 9.5 years and 12 years. The coupons on the notes are 0.375 percent p. a., 0.75 percent p. a., 1.125 percent p. a. and 1.375 percent p. a. respectively.

The notes are expected to be rated Baa1, BBB and BBB+ by Moody’s, Standard & Poor’s and Fitch respectively.

Citi, Deutsche Bank, Mizuho and UniCredit led the transaction as active joint bookrunners and co-ordinating banks.

"The recent confirmation of our solid investment grade credit ratings set the tone for a successful bond issuance," said Bayer CFO Wolfgang Nickl. "Our new bonds were strongly oversubscribed by a broad and diversified range of investors and priced below the price guidance. This confirms the confidence that Bayer enjoys in the capital markets."

About Bayer
Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to benefit people by supporting efforts to overcome the major challenges presented by a growing and aging global population. At the same time, the Group aims to increase its earning power and create value through innovation and growth. Bayer is committed to the principles of sustainable development, and the Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2019, the Group employed around 104,000 people and had sales of 43.5 billion euros. Capital expenditures amounted to 2.9 billion euros, R&D expenses to 5.3 billion euros. For more information, go to www.bayer.com.

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This release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction.
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Additional Information
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