New Issue-Bayer prices multi tranche deal

Tue Jan 21, 2014 11:17am EST

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Jan 21 (Reuters) -Following are terms and conditions

of a multi tranche deal priced on Tuesday.

Borrower Bayer AG

* * * *

Tranche1

Issue Amount 500 million euro

Maturity Date January 24, 2016

Coupon 3-month Euribor + 22bp

Reoffer price Par

ISIN XS1023268060

* * * *

Tranche 2

Issue Amount 750 million euro

Maturity Date January 24, 2018

Coupon 1.125 pct

Reoffer price 99.674

Reoffer yield 1.209 pct

Spread 32 basis points

Underlying govt bond Over Mid-swaps, equivalent to 64.6bp

Over the OBL 165

ISIN XS1023268490

* * * *

Tranche 3

Issue Amount 750 million euro

Maturity Date January 25, 2021

Coupon 1.875 pct

Reoffer price 98.914

Reoffer yield 2.043 pct

Spread 50 basis points

Underlying govt bond Over Mid-swaps, equivalent to 85bp

Over the 2.5 pct Due 2021 DBR

ISIN XS1023268573

* * * *

Common Terms

Payment Date January 24, 2014

Lead Manager(s) Bank of America, Barclays, Commerzbank & Societe Generale

Ratings A3 (Moody's)

Listing Lux

Full fees Undisclosed

Denoms (K) 1

Governing Law German

Notes Launched under issuer's EMTN programme

Security details and RIC, when available, will be

on

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