Bayer Places €2 Bln Hybrid Bonds

By Reuters News

Sept 23 (Reuters) - BAYER AG BAYGn.DE:

  • PLACES 2 BILLION EURO HYBRID BONDS

  • TRANSACTION FOLLOWS 3-BILLION-EURO EQUITY INVESTMENT FROM APOLLO AND SUCCESSFUL PLACEMENT OF BONDS WITH A VOLUME OF 5 BILLION U.S. DOLLARS IN PAST MONTHS

  • BONDS WITH A NON-CALL PERIOD OF SIX YEARS PAY A COUPON OF 5.75 PERCENT AND BONDS WITH A NON-CALL PERIOD OF NINE YEARS PAY A COUPON OF 6.25 PERCENT

  • HYBRID BONDS HAVE BEEN SOLD EXCLUSIVELY TO INSTITUTIONAL INVESTORS

Further company coverage: [BAYGn.DE]

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