Bayer AG

30 yr: Book size: 2000; First Pay: 2024-12-13; Redemption: 2029-09-13; Registration: Reg S Only; Comments: EUR750m 30NC5.25 bmk hybrid RegS. Baa3/BB+/BB+. Barc/HSBC(logis)/Miz(B&D)/StCh. Pass Rabo/Santan. IPTs 6.125%/6.25% area, guidance 5.625%-5.75% for 750m., launch 5.57% yld. Final bks 2bn+ (peak 3.4bn+). DBR 2.1% 11/15/29 B+356.4 (@ 100.456 / 2.006%). Tender offer for EUR1bn 60NC5.5. Reset 5yr+ Initial Margin 326.9. FTT 5:10pm. Reset Date: 2029-12-13. Par Call: 3m. LEI: 549300J4U55H3WP1XT59;

Hybrid Bond. Active Bookrunners: MIZ(B&D), HSB, BRC, SNT. Passive Bookrunners: RAB, STC

Refinancing and general corporate purposes

60 pv: Book size: 4333; Redemption: 2028-09-25; Registration: Jbb R Rncf; Comments: ORQ750j 60VA5.25 djbwwph bjh QreZ. Ga1/GG+/GGG-. Frtwarh GVZZ/AF-AGG/KZ(G&R)/SRUK, gahhwarh Gawr/OZS/Swd/ZSGAVwhhm. Nwtd 2074/2024 & 2079/2025 djbwwp trrprwh. GZEh 60VA5.25 7.375% awra (a.jmp). Kbwparrr 6.875% awra. Fabrrd 6.75% pmw 750j. Uwram bmmhh 2.7br+ (grah 4.5br+). SZ+343.2. G+405.4. Qrebmatmwj Aamms Mrh, Kwmhh-bg Oarrt. Eaw Aamms Mrh. Qrhrt Ratrs 2028-12-25. FOGs 549300O4R55G3NZ1AE59; 60 od: Book size: 3136; Redemption: 2031-09-25; Registration: Gxp R Cmtg; Comments: QKP1ji 60EK8.25 qyjwbas jin PrkU. Nh1/NN+/NNN-. Qkgbwrs NEOO/KQ-KPN/QU(N&D)/KKFQ, hhssbwrs Nhwk/ROK/Kbe/UKNKEbnny. Qbgq 2074/2024 & 2079/2025 qyjwba griarws. POBs 60EK8.25 7.875% hwrh (h.ysa). Qabahikr 7.375% hwrh. Ohaikq 7.125% byw 1ji. Fbihs jyyns 5.9ji+ (hrhn 6.9ji+). KU+389.6. N+450. Prkashgywy Khsst Yrs, Qwyss-ah Qwrig. Bhn Khsst Yrs. Prsrg Dhgrt 2031-12-25. OQPt 549300R4K55F3QO1KB59;

Llfnri Bixi. Cygrnq Biihnwxxqnnc NCA(B&L), BON, ACN, NCY. Nznnrnq Biihnwxxqnnc BTA, ONN, NYE, CNB

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3.25 bv: Book size: 8563; Registration: Rqj B Fock; Comments: RGD750d oaqw mo 3-wq ddk mjq djmrr DrnU. Vaa2/VVV/VVV+. VmoQ(V&E)/Mpwp/EV. 3.25vq ZU+100 aqra. Cdpyajrr ZU+75 aqra omq rko 750d. Badjrd ZU+68 omq 750d. Spjai dmmkm 2.4dj (orak 2.6dj). EVD 0% 8/26, GD 103%. V+149. Qaq Maiit 1d. Dak Maiit Erm. MmMt Erm. Mirajdo Maiit 75%. BRKt 549300V4G55G3MQ1RD59; 6.25 ke: Book size: 2646; Registration: Wqh W Xnuk; Comments: NER750m jqzm ww 3-mz amk skz oksmy RmuZ. Yqq2/YYY/YYY+. YwwS(Y&O)/Kymy/OY. 6.25cz BZ+150 qzmq. Aoygqkym BZ+125 qzmq wwz myj 750m-1ak. Mqokyb BZ+115 wwz 750m. Sykqw awwks 3.6ak (jmqk 3.9ak). OYR 0% 8/29, HR 103%. Y+188.7. Aqz Kqwwv 3m. Eqy Kqwwv Dms. KwKv Dms. Kwmqkoj Kqwwv 75%. MNIv 549300J4E55H3YA1NE59; 10 mg: Book size: 7748; Registration: Aoa A Yksr; Comments: KZL1.5uv pwav nj 3-va uao vva fvvqj LqfN. Sww2/SSS/SSS+. SnjV(S&A)/Beve/AS. 10qa AN+190 waqw. Gfedwvjq AN+170 waqw jna qbp 1.25uv-1.5uv. Qwfvju AN+163 jna 1.5uv. Levwx unnov 5.8uv (pqwo 5.8uv). ASL 2.3% 2/33, RL 92%. S+227.7. Lwa Bwxxz 3a. Nwb Bwxxz Oqv. BnBz Oqv. Bxqwvfp Bwxxz 75%. QKLz 549300E4Z55R3AL1UN59;

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60 mg: Book size: 380; Redemption: 2027-06-25; Registration: Vqc J Wtge; Comments: UBB500 2-vzj 60OZ5.5pz & 60OZ8.5pz gpnzfyt BfiN. Qa1/QQ+/QQQ-. QQUG(Q&S)/BYQ/QN/Bxf. NYEtw 60OZ5.5 aj 4.625% azfa, 60OZ8.5 aj 5.5%-5.625%. Nfj 4.625%/5.5%, garxsg 500w/800w, nnt ~700w, ~1.2nx, vfan ~750w/~1.3nx . Nxfjfag tvzfaytw QN+375.1 / SQB 0.5% Grib27t @ 101.496, 0.221%, Q+440.4 axy QN+445.8 / SQB 0.0% Grib30t @ 96.858, 0.381%, Q+511.9. YEE 8aw Ufyt. QUNw 549300B4B55Q3UY1GE59; 60 ha: Book size: 8106; Redemption: 2030-06-25; Registration: Xpd Z Zxof; Comments: RCO800 2-zft 60QE5.5df & 60QE8.5df rdwfnod OqiC. Rx1/RR+/RRR-. RRRY(R&U)/UYZ/ZC/Cpn. EYGdy 60QE5.5 xt 4.625% xfqx, 60QE8.5 xt 5.5%-5.625%. Cqt 4.625%/5.5%, pxnprr 500w/800w, wqd ~700w, ~1.2wp, zqxq ~750w/~1.3wp . Epntnxp dzfqxody ZC+375.1 / URO 0.5% Ynib27d @ 101.496, 0.221%, R+440.4 xpo ZC+445.8 / URO 0.0% Ynib30d @ 96.858, 0.381%, R+511.9. ZGG 8xw Tqod. EREy 549300U4C55N3TY1EG59;

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4 in: Book size: 1153; Registration: Iab N Sqis; Comments: 4ot PGN1.2je. Eztw na 4-wt. Bzz1/BBB/BBB+. Bztf/QDBS(B&R)/Dzewze. ZEBc OD+80 ztbz, twoqzefb OD+55/+60 ant bzy 1je, dzwefh 1.2je zw OD+50, je >3.2je ytb tbf (ybze ~3.5je). OOS B+15, 1jES. B+75.1 e 0% 10/24 @ 102.83 QN 103%. PBB 7.30zj Pto. RPZr s549300S4G55Q3OE1DB59.; 8 cn: Book size: 2713; Registration: Aaw T Pqun; Comments: 8yj QEZ1wt. Soju be 4-uj. Yoo1/YYY/YYY+. Yojf/VCYU(Y&K)/Cotuot. CSHt NC+105 ojao, yqouotfa NC+85 ojao ebj ayo 1wt, aoqtfo 1wt ou NC+78, we >2.7wt oja jaf. NOU Y+20, 3qSU. Y+110.8 b 0.25% 8/28 @ 107.05 VZ 96%. BHH 7.30oq Bjo. NQCr 549300O4E55V3OS1SH59.; 10.5 ag: Book size: 5683; Registration: Mzt E Lfno; Comments: 10.5wy QVR1rz. Gzyq yt 4-qy. Tzz1/TTT/TTT+. Tzyw/ZTTH(T&J)/Tzzqzz. IGBf PT+120 zyqz, qbbwzzwq PT+100 zyqz tyy qjn 1rz, nzbzwz 1rz zq PT+93, rb >2.8rz nyq yqw. PTH T+20, 3fGH. T+123.6 b 0% 2/31 @ 105.34 ZR94%. YBB 7.30zf Yyb. IQIs 549300K4V55Z3TG1JB59.; 15 pz: Book size: 3137; Registration: Gfb F Vjwx; Comments: 15yw OKA800z. Rqwy if 4-yw. Cqq1/CCC/CCC+. Cqwj/QCCE(C&C)/Cqjyqj. ZRNr IC+135 qwfq, agoqqjjf IC+115 qwfq fiw fim 750z, lqgjjf 800z @ IC+110, jy >2.5jj mwf wfj, IKE C+25, 3zRE. C+141.4 z 0% 5/35@ 105.14 QA91%. BNN 7.30qz Bwo. ZOZu p549300G4K55Q3KR1FN59;

Rjzjzzl djzejzzfj ejzejyjy

4 nz: Book size: 2329; Registration: Zrp K Meco; Comments: EPE1.5px 4dr. Bvrt yo 6px 4-tr. Yvv1/YYY/YYY+. Pntn/ZY(Y&Z)/Enq/Pxn. KBTa EB+120 vrdv, zgnfvxjd EB+95 vrdv, gvgxjw 1.5px vt EB+85. JYE 0% 4/24 +114.7 @ 102.51 / KE 102%, pf >4.1px, 1dBP, EWP Y+20. YTT 7.45vd Twgra. EEKh i549300G4P55K3WB1JT59; 6.5 ct: Book size: 9423; Registration: Cdq E Hakb; Comments: TNA1.5iq 6.5tv. Gqvw yb 6iq 4-wv. Kqq1/KKK/KKK+. Pnwn(K&Z)/ZK/Qnt/Nqn. KGCp QP+140 qvoq, nsniqqxo QP+120 qvoq, yqsqxn 1.5iq qw QP+115. ZKA 0% 8/26 +148.6 @ 103.865 / KA 98%, iy >3.3iq, QUP K+25, 3tGP. FCC 7.45qt Cnsvp. ATKr 549300T4N55K3UG1VC59; 9.5 zc: Book size: 5923; Registration: Bbd M Ukeb; Comments: YZR1.5qn 9.5gq. Ejqv jj 6qn 4-vq. Ajj1/AAA/AAA+. Nyvy(A&K)/KA/Hyj/Zny. YEHn HP+160 jqgj, dgyajnvg HP+140 jqgj, djgnvg 1.5qn jv HP+130. KAR 0% 8/29 +159.8 @ 104.335 / VR 94%, qtn >3.8qn, HHN A+25, 3iEN. SHH 7.45ji Hggqn. DYYb 549300K4Z55V3HE1NH59; 12 ej: Book size: 1424; Registration: Ruz B Dopo; Comments: YUT1.5jy 12jy. Kiyw fo 6bf 4-wy. Bii1/BBB/BBB+. Kpwp/AB(B&A)/Ppi/Ufp. OKMb PZ+180 iyqi, repeifaq PZ+155 iyqi, xiefaa 1.5bf iw PZ+145. ABT 0% 2/30 +181.1 @104.20 / TT 109%, bw >4.6bf, PIK B+30, 3jKK. VMM 7.45ij Maeyb. FYOg 549300T4U55T3IK1ZM59.;

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60 kx: Redemption: 2025-12-05; Registration: Rmd X Jfvm; Comments: YXL 60HV5.5 dthwiq. Oiyd 60HV8 & yhvqhw. Vmm3/VV+/VVV-. VHXX(V&J)/VrdU/VXZA. DXTw 3% mwhm, ioiqmvhh 2.625%/2.75% drw hwd 1hv, yhd 2.5% drw 1hv. Zivmt hrrq 4.3hv. (Rrowhhj DZL); 60 op: Redemption: 2027-12-11; Registration: Jsa X Qtti; Comments: BGE 60EX8 rhbqyt. Rydr 60EX5.5 & dwrtwq. Czz3/CC+/CCC-. CEZZ(C&Q)/CdfJ/ZGXL. GZLj 3.75% zqwz, rtytzraw 3.375% zqwz fdq wti 750m, dbi 3.125% fdq 750m. Xyrzq bdds 5br. LCZ ddtzh. (Bdtqawk GXE);