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Debt refinancing

This article was originally published in The Tan Sheet

Executive Summary

Firm repurchasing $500 mil. of variable-interest debt securities issued in 2001 and launching a five-year fixed-interest bond issue with a nominal value of $584 mil., according to a Jan. 15 announcement. Bayer says the move aims to "take advantage of the current favorable conditions of the capital markets to optimize its bond portfolio"...

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