September 10, 2024 11:59 GMT
CREDIT SUPPLY: Bayer (BAYNGR: Hyb Baa3 neg /BB+/BB+): Guidance 5.625%-5.75%
CREDIT SUPPLY
- Guidance: €750m 30NC5.25 5.625%-5.75%
- Books: >3.4b
- IPT: BMK 30NC5.25 6.125%-6.25%
- FV: We had 5.625%-5.75%
The company is Tendering for Call25 Perps (411.5m) and seeks to increase its Hybrid stack back to EUR4.55bn
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