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by Legal Desire
3 October 2026

Clifford Chance advises banks on Bayer Aktiengesellschaft’s €2 billion Dual-Tranche Hybrid Bond Issuance

Advising firms

Deal team

3 lawyers named
LawyerFirmSeniorityPracticeOffice
Cristina Freudenberger Lead Clifford Chance Partner Capital Markets Frankfurt
Lilli Neubauer Clifford Chance Associate Capital Markets Frankfurt
Felicitas Fischer Clifford Chance Associate Capital Markets Frankfurt

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Stated terms

Stated value
EUR 2bn (€2 billion)
What the figure measures
Issue size
Client
Not stated
Counterparties
Bayer Aktiengesellschaft (Issuer)
BofA Securities (Underwriters)
Deutsche Bank (Underwriters)
BNP PARIBAS (Underwriters)
Citigroup (Underwriters)
Crédit Agricole Corporate and Investment Bank (Underwriters)
HSBC (Underwriters)
Bank of China (Underwriters)
Barclays (Underwriters)
BBVA (Underwriters)
BNY Capital Markets (Underwriters)
Commerzbank (Underwriters)
Goldman Sachs Bank Europe SE (Underwriters)
J.P. Morgan (Underwriters)
Mizuho (Underwriters)
Morgan Stanley (Underwriters)
MUFG (Underwriters)
Rabobank (Underwriters)
Santander Corporate & Investment Banking (Underwriters)
SMBC (Underwriters)
Standard Chartered Bank AG (Underwriters)
UBS Investment Bank (Underwriters)
UniCredit (Underwriters)
Wells Fargo Securities (Underwriters)