Coupon rate recommendation for 7 year bond in Euros? Company Rated AA to A+. Also convert Euros to US Dollars exchange rates at bottom of exhibit 10, explain conversion (WHY is that the exchange rate).

Exhibit 5

Annual Yield Rate of Maturity (US Dollars, Euro British Pound) Feb 2009 in Percentage.

	US Treasuries	Euro Benchmark	UK sovereign
7 years	2.18%	3.35%	3.06%

Exhibit 6

US yield spreads of US Industrial Corporate Bonds over Comparable Maturity of US Treasuries for S&P Bond Rating Categories, Feb 2009 (in Basis Points)

Rating	Years to Maturity	Basis Points
AA	7	224
A	7	243

Exhibit 10

Plan for currency and maturity of Roche bond offering tranches

Prevailing exchange rates at the time were: CHF 1.67/GBP1.00, CHF1.18/USD1.00 and CHF 1.48/EUR1.00

	US Dominated
Maturity	Amount in Billions US	Coupon
1	3.00	Floating Rate
2	1.25	Floating Rate
3	2.50	Fixed
5	2.75	Fixed
10	4.50	Fixed
30	2.50	Fixed
	Euro Dominated
	Amount in billions of Euros
1 year	1.50	Floating Rate
4 years	5.25	Fixed
7 years	2.75	Fixed
12 years	1.75	Fixed
	Sterling Dominated (in billions of Pounds
6 years	1.25	Fixed Rate