Bayer seeks €1.5bn for chemicals deal

Bayer, the German chemicals group, is set to launch a minimum €1.5bn ($1.93) bond next week to help finance its €16.3bn acquisition of local rival Schering.

Credit Suisse and Citigroup arranged two loans of €7bn each to finance the acquisition. Bayer said yesterday that one of those loans had been syndicated out to a wider group of banks.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached