Bayer Concludes Refinancing of the Monsanto Acquisition

Bayer Capital Corporation B.V., 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.

The bond with a maturity of 4 years and a volume of 0.75 billion euros has a floating interest rate of 0.55 percentage points above the three-month Euribor. The longer-term bonds have maturities of 4½, 8 and 11½ years and fixed interest rates of 0.625 percent p.a. (volume of 1.0 billion euros, maturing in 2022), 1.5 percent p.a. (volume of 1.75 billion euros, maturing in 2026) and 2.125 percent p.a. (volume of 1.5 billion euros, maturing in 2029).

Bayer also 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.

For more information, please visit www.bayer.com