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"...