Bonds
Bonds are capital market instruments used by LANXESS for financing of the group.
Issuer of the LANXESS bonds is LANXESS AG. The bonds are listed on the Luxembourg Stock Exchange.
Hybrid Bond: EUR 500,000,000 Subordinated Callable Resettable Fixed Rate Notes due 2076
Incomplete summary – Please refer to the prospectus for the full terms and conditions and to evaluate the risks of the notes
| ISIN No. / WKN | XS1405763019 / A2DACG |
| Initial Rating of Instrument | BB (S&P), Ba2 (Moody’s) |
| Notional Amount | EUR 500,000,000 |
| Coupon | 4.5% p.a. (until the first call date, thereafter rate reset as below) |
| Issue Price | 98.655% |
| Issue Date | 6 December 2016 |
| Ranking | Deeply Subordinated |
| Call Dates | First call date after 6.5 years on 6 June 2023, annually thereafter.Additionally callable following specified exceptional events. |
| Interest Payment Dates | 6 June (first “short coupon” on 6 June 2017). Payment deferrable. |
| Maturity Date | 6 December 2076 |
| Rate Reset | On the first call date and every 5 years thereafter at the relevant EUR 5-Year Swap Rate plus a margin of 451bps (and step-ups if applicable). |
| Rate Step-Ups | 25 bps from 6 June 2028. Additional 75 bps from 6 June 2043. |
| Denomination | EUR 1,000 |
*“Provisions regarding resolutions of Holders” of the Agency Agreement dated 2 December 2016 between LANXESS and Deutsche Bank Aktiengesellschaft as Paying Agent.
Senior Bonds issued under the Debt Issuance Programme
The Debt Issuance Programme (DIP) as a standardized documentation allows the flexible issuance of bonds. The final terms must be read in conjunction with the corresponding DIP prospectus and possible supplements.
| ISIN No. | Volume | Issue Date | Maturity Date | Coupon | Final Terms |
| XS0855167523 | € 500 million | 2012-11-21 | 2022-11-21 | 2.625% | Final Terms |
| XS1501363425 | € 500 million | 2016-10-07 |
2021-07-07 (initial maturity: 2021-10-07) |
0.250% | |
| XS1501367921 | € 500 million | 2016-10-07 | 2026-10-07 | 1.000% | Final Terms |
| XS1820748538 | € 500 million | 2018-05-16 | 2025-05-16 | 1.125% | Final Terms |
