The decision was taken at a management board meeting of Bayer on January 9. Three days later telexes were on their way from Deutsche Bank inviting underwriting in $200 million of 10-year bonds in the name of Bayer International Finance NV, Curação. The coupon was set at 7¼% with an indicated par pricing, and each $1,000 bond would have warrants attached entitling the holder to subscribe for 13 shares of the Bayer parent company.
The chemical concern had been waiting offstage for some time.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
