| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| EUR | 700.000 | - | - | - | Baa3 | BBB- | - | Fixed | Swaps | 2.375% a | 2% | 218.4 | 1.50% | -10 | 98.70300 |
Tranche Comments
P NC 5: Book size: 3500; Redemption: 2026-06-09; Registration: Reg S Only; Comments: EUR700m PNC5.5yr hybrid RegS. Baa3/BBB-. DB/GS/JPM(B&D)/Nomura/Santan. IPTs 2.375% area, guidance 2% (+/-12.5). Launch 700m at 1.75% ann yld, bk >3.5bn (tight end, pre rec), 3mPC, 25bp step 6/31, 75bp 6/46. Initial/reset MS+218.4, 3mPC. FTT 4.30pm;
Use of Proceeds
General Corporate Purposes