KBC Groep NV (KBCBB) 2023-2

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EUR500.00010.25Apr-33SubordinatedBaa2BBBBBB+FixedSwapsMS+250 a-2254.88%-99.45300
Tranche Comments
10.25 yr: Book size: 1000; First Pay: 2023-04-25; Redemption: 2028-04-02; Registration: Reg S Only; Comments: EUR500m exp 10.25NC5.25 sub Tier 2 bmk RegS. Baa2/BBB/BBB+. Barc/BofA/CMZ/GS(B&D/DM)/KBC/SG. IPTs MS+250 area, launch 500m at MS+225. Final books 1bn+ at reoffer (peak1.4bn+). OBL #187 2.2% 04/28+279.6bps (price: 99.97%) / HR: 92%. Tax Call: Yes. Reset Date: 2028-04-25. Par Call: 3m. Regulatory Call: Yes. LEI: 213800X3Q9LSAKRUWY91;
Deal Comments
Tier 2