Gecina SA (GFC) 2017-1

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EUR500.0005Jun-22Sr. UnsecuredA3BBB+-Floating3mEu-3mE+60 a383mE+38-100.00000
EUR500.00010Jun-27Sr. UnsecuredA3BBB+-FixedSwaps-MS+90 a681.38%-99.06700
EUR500.00015Jun-32Sr. UnsecuredA3BBB+-FixedSwaps-MS+115 a932.00%-99.53500
Tranche Comments
5 yr: Registration: Reg S Only; Comments: EUR500m no-grow 5yr FRN. Part of EUR1.5bn three-trancher. A3/BBB+. Actives BNPP/CA/DB/GS/MS/Natx(B&D)/SG. IPTs 3mE+60 area, guidance 3mE+40/45, set 3mE+38 on bks closed 1.6bn (topped at c.2.1bn). CoC. FTT1645LON; 10 yr: Registration: Reg S Only; Comments: EUR500m no-grow 10yr. Part of EUR1.5bn three-trancher. A3/BBB+. Actives BNPP/CA/DB/GS/MS/Natx(B&D)/SG. IPTs MS+90 area, guidance MS+70/75, set MS+68 on bks closed 1.5bn (topped at c.1.8bn). Bund 0.25% 2/27+112.9 @99.08/HR92%. MWC B+20, 3mPC, 80% Cleanup call. CoC. FTT1645LON; 15 yr: Registration: Reg S Only; Comments: EUR500m no-grow 15yr. Part of EUR1.5bn three-trancher. A3/BBB+. Actives BNPP/CA/DB/GS/MS/Natx(B&D)/SG. IPTs MS+115 area, guidance MS+95/100, set MS+93 on bks closed 1.75bn. DBR 5.5% 1/31 +150.8 @163.32/HR72%. MWC B+25. 3mPC, CoC. 80% Cleanup call. CoC. FTT1645LON;