BayWa Raises USD352.9 Million in Private Placement of 4.25% Bonds Due 2022

Published: Oct 05 2017
Deal Summary

BayWa AG, a diversified company, has completed private placement of 4.25% hybrid bonds due October, 2022 for gross proceeds of EUR 300 million (USD352.9 million). The offering was subscribed to by national and international institutional investors.

The company intends to use proceeds from the offering to refinance the liabilities, to strengthen its capital base and to diversify the portfolio of financing opportunities.

UniCredit Bank AG acted as sole global coordinator while M.M.Warburg & CO KGaA acted as joint bookrunners.

Deal History:

Planned: On September 20, 2017, BayWa intended to issue a subordinated bond with an unlimited maturity and an early repayment option for the issuer after five years.

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