| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| EUR | 850.000 | - | - | - | Baa3 | BB+ | - | Fixed | Swaps | 2.625-2.75% | 2.25-2.375% | 270.6 | 2.25% | - | 100.00000 |
| EUR | 1,150.000 | - | - | - | Baa3 | BB+ | - | Fixed | Swaps | 3-3.125% | 2.5-2.625% | 284 | 2.50% | - | 100.00000 |
Tranche Comments
Perp NC 5.5: Redemption: 2026-04-20; Registration: Reg S Only; Comments: EUR850m PNC5.5yr, with PNC8.5yr hybrid RegS, max 2bn. Baa3/BB+. GCs Natx(struc)/DB/Miz(B&D)/MUFG. JBs BBVA/BNPP/CIC/Medio/SMBC Nikko/StCh/Uni. IPTs 2.625%/2.75%, guidance 2.375% area, launch 850m @2.25%, bk >2.3bn. MWC B+45. 3mPC. MS+270.6bps / DBR 0.5 Feb26 (106.968) +302.5bps. FTT 7.30am Thurs. LEI: 969500LENY69X51OOT31;
Perp NC 8.5: Redemption: 2029-04-20; Registration: Reg S Only; Comments: EUR1.15bn PNC 8.5yr, with PNC5.5yr hybrid RegS. Baa3/BB+. GCs Natx(struc)/DB/Miz/MUFG. JBs BBVA/BNPP/CIC/Medio/SMBC Nikko/StCh/Uni. IPTs 3%/3.125%, guidance 2.625% area, launch 1.15bn at 2.5%. 3mPC. Bk >3.3bn pre rec @guidance. MWC B+50. MS+284.0bps / DBR 0.25 Feb29 (107.924) +317.1bps. FTT 7.30am Thurs;
Use of Proceeds
Refinancing