Bayer - Completes placement of €4B mandatory convertible notes with institutional investors
- The notes will be issued at par with a coupon of 5.625% per annum.
- The minimum conversion price has been set at €90.
- The maximum conversion price has been set at €108, representing a maximum conversion premium of 20%.
- The notes will mature on 22-Nov-19.
- BofA Merrill Lynch, Credit Suisse, Goldman Sachs and J.P. Morgan are acting as Joint Global Coordinators and Joint Bookrunners.