Tranche Comments
5 yr: Book size: 2900; First Pay: 2023-08-28; Redemption: 2028-01-28; Registration: Registered; Comments: US$1.25bn 4.90% cpn 5yr at 99.793, yld 4.946%. T+110bp. MWC T+20bp. Par Call: 1m. Tax Call: No. PP: No. XD: No. LEI: UMI46YPGBLUE4VGNNT48;
7 yr: Book size: 2000; First Pay: 2023-08-28; Redemption: 2029-12-28; Registration: Registered; Comments: US$600m 5.00% cpn 7yr at 99.926, yld 5.012%. T+125bp. MWC T+20bp. Par Call: 2m. Tax Call: No. PP: No. XD: No. LEI: UMI46YPGBLUE4VGNNT48;
10 yr: Book size: 3000; First Pay: 2023-08-28; Redemption: 2032-11-28; Registration: Registered; Comments: US$1bn 5.05% cpn 10yr at 99.973, yld 5.053%. T+140bp. MWC T+25bp. Par Call: 3m. Tax Call: No. PP: No. XD: No. LEI: UMI46YPGBLUE4VGNNT48;
30 yr: Book size: 4500; First Pay: 2023-08-28; Redemption: 2052-08-28; Registration: Registered; Comments: US$1.15bn 5.25% cpn 30yr at 99.951, yld 5.253%. T+155bp. MWC T+25bp. Par Call: 6m. Tax Call: No. PP: No. XD: No. LEI: UMI46YPGBLUE4VGNNT48;
Deal Comments
Active Bookrunners: WFS, BRC, CSG, SMB, MOS, MUF. Passive Bookrunners: BNP, BMO, BNY, BAM, CIB, CTI, CAG, FTB, GSC, JPM, KEY, MIZ, PNC, RBC, REG, SNT, SCO, TDS, TRU, USB
Use of Proceeds
To fund investments in energy and power projects, for general corporate purposes, repay debt and prefund the refinancing