March 30, 2006
Overallotment option for Bayer Mandatory Convertible Bond fully exercised
Convertible Bond, the overallotment option ("Greenshoe") of Euro 300 million
has been fully exercised. "We are pleased that the bond transaction was so well
received and the bookrunners were therefore able to proceed very quickly," said
Bayer AG CFO Klaus Kühn.
With a total size of Euro 2.3 billion the transaction is the largest mandatory
convertible bond placement in Europe so far.