OREANDA-NEWS. June 20, 2018. Via its subsidiary, Bayer Capital Corporation B.V., Mijdrecht, Netherlands, the Bayer Group is issuing bonds with a volume of 5 billion euros guaranteed by Bayer AG. The issue comprises four tranches with differing maturities and exclusively targets institutional investors. It was more than four times oversubscribed. Bayer intends to have the bonds listed on the Luxembourg Stock Exchange.

“With this transaction, we have successfully concluded the refinancing of the Monsanto acquisition. It confirms our outstanding reputation and the high level of confidence that Bayer enjoys on the capital markets,” said Bayer CFO Wolfgang Nickl. “The investment-grade ratings from three rating agencies are evidence of Bayer’s continued good credit standing following the acquisition.”

Bayer recently already placed bonds with a volume of 15 billion U.S. dollars with institutional investors.

The company intends to use the net proceeds from the bond issues to pay down portions of the syndicated credit facility used as bridge financing for the acquisition of Monsanto.

About Bayer

Bayer is a global enterprise with core competencies in the life science fields of health care and agriculture. Its products and services are designed to benefit people and improve their quality of life. At the same time, the Group aims to create value through innovation, growth and high earning power. Bayer is committed to the principles of sustainable development and to its social and ethical responsibilities as a corporate citizen. In fiscal 2017, the Group employed around 99,800 people and had sales of 35.0 billion euros. Capital expenditures amounted to 2.4 billion euros, R&D expenses to 4.5 billion euros. For more information, go to www.bayer.com.

Forward-Looking Statements
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