| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| EUR | 170.000 | 5.75 | Nov-25 | - | - | B- | - | Fixed | YLD | 105.50-106.00 | 105.50-106.00 | - | 9.00% | - | 105.50000 |
| EUR | 600.000 | 6 | Feb-26 | Sr. Secured | B2 | B | - | Fixed | YLD | Low-Mid 3%s | 3.25% a | - | 3.13% | - | 100.00000 |
| EUR | 450.000 | 6 | Feb-26 | Sr. Secured | B2 | B | - | Floating | 1mEu | 1mEu+350 a | 1mEu+325 | 325 | 1mEu+325 | - | 100.00000 |
| EUR | 625.000 | 8 | Feb-28 | Sr. Secured | B2 | B | - | Fixed | YLD | Hi 3-4%s | 3.75% a | - | 3.63% | - | 100.00000 |
Tranche Comments
5.75 yr: Redemption: 2021-05-15; Registration: 144A/Reg S; Comments: EUR170m non-funge add-on to 9% 2025 PIYC notes. EUR575m 8NC3 SSN, with 1.05bn 6NC1/2 FRN/fxd SSNs.For Vivacom acq. RegS/144A. -/B-. JPM(left)/KKR/CS/CA-CIB. Lon/Par/FFT r/s Jan 20-22. IPTs/talk 105.50-106.00, set 105.50. TBP today;
6 yr: Redemption: 2022-02-15; Registration: 144A/Reg S; Comments: EUR600m 6NC2 SSN, with 6NC1 FRN, total 1.05bn. For Vivacom acq. RegS/144A. B2/B. JPM(left)/KKR/CS/CA-CIB. Also 8NC3 SSN (refi 2022s) and add-on to 9% 2025 PIYC. Lon/Par/FFT r/s Jan 20-22. IPTs Low/Mid 3%s. Talk 3.25% area, set 3.125%, TBP today;
6 yr: Registration: 144A/Reg S; Comments: EUR450m 6NC1 FRN SSN, with 6NC2 fxd, total 1.05bn. For Vivacom acq. RegS/144A. B2/B. JPM(left)/KKR/CS/CA-CIB. Also 8NC3 SSN (refi 2022s) and add-on to 9% 2025 PIYC. After Lon/Par/FFT r/s Jan 20-22. IPTs E+350 area, talk E+325/350.;
8 yr: Redemption: 2023-02-15; Registration: 144A/Reg S; Comments: EUR625m (from 575m) 8NC3 SSN, with 1.05bn 6NC1/2 FRN/fxd SSNs, and 170m add-on to 9% 2025 PIYC. To refi 2022 SSNs. RegS/144A. B2/B. JPM(left)/BcaIMI/BNPP/KKR/CS/CA-CIB/MS/RBI/Uni. Lon/Par/FFT r/s Jan 20-22. IPTs Hi 3%s/4%, talk 3.75% area, set 3.625%. TBP today;
Deal Comments
EUR170m non-funge add-on to 9% 2025 PIYC notes.
Risk Retention
Refinancing acquisition of Vivacom