Bayer AG (BAYRY) 2020-1

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EUR1,500.0004Jul-24Sr. UnsecuredBaa1BBBBBB+FixedSwapsMS+120 aMS+95 a850.38%1599.55000
EUR1,500.0006.5Jan-27Sr. UnsecuredBaa1BBBBBB+FixedSwapsMS+140 aMS+120 a1150.75%1599.27700
EUR1,500.0009.5Jan-30Sr. UnsecuredBaa1BBBBBB+FixedSwapsMS+160 aMS+140 a1301.13%599.92100
EUR1,500.00012Jul-32Sr. UnsecuredBaa1BBBBBB+FixedSwapsMS+180 aMS+155 a1451.38%-599.90100
Tranche Comments
4 yr: Book size: 4100; Registration: Reg S Only; Comments: EUR1.5bn 4yr. Part of 6bn 4-tr. Baa1/BBB/BBB+. Citi/DB(B&D)/Miz/Uni. IPTs MS+120 area, guidance MS+95 area, launch 1.5bn at MS+85. OBL 0% 4/24 +114.7 @ 102.51 / HR 102%, bk >4.1bn, 1mPC, MWC B+20. FTT 7.45am Thurs. LEI: 549300J4U55H3WP1XT59; 6.5 yr: Book size: 3300; Registration: Reg S Only; Comments: EUR1.5bn 6.5yr. Part of 6bn 4-tr. Baa1/BBB/BBB+. Citi(B&D)/DB/Miz/Uni. IPTs MS+140 area, guidance MS+120 area, launch 1.5bn at MS+115. DBR 0% 8/26 +148.6 @ 103.865 / HR 98%, bk >3.3bn, MWC B+25, 3mPC. FTT 7.45am Thurs. LEI: 549300J4U55H3WP1XT59; 9.5 yr: Book size: 3800; Registration: Reg S Only; Comments: EUR1.5bn 9.5yr. Part of 6bn 4-tr. Baa1/BBB/BBB+. Citi(B&D)/DB/Miz/Uni. IPTs MS+160 area, guidance MS+140 area, launch 1.5bn at MS+130. DBR 0% 8/29 +159.8 @ 104.335 / HR 94%, bks >3.8bn, MWC B+25, 3mPC. FTT 7.45am Thurs. LEI: 549300J4U55H3WP1XT59; 12 yr: Book size: 4600; Registration: Reg S Only; Comments: EUR1.5yr 12yr. Part of 6bn 4-tr. Baa1/BBB/BBB+. Citi/DB(B&D)/Miz/Uni. IPTs MS+180 area, guidance MS+155 area, launch 1.5bn at MS+145. DBR 0% 2/30 +181.1 @104.20 / HR 109%, bk >4.6bn, MWC B+30, 3mPC. FTT 7.45am Thurs. LEI: 549300J4U55H3WP1XT59.;
Use of Proceeds
General corporate purposes