P NC 5.5: Book size: 10300; First Pay: 2023-09-07; Redemption: 2028-03-07; Registration: Registered; Comments: US$2bn 8.00% cpn at 100.00. RESET: From the Issue Date to September 7, 2028; fixed rate of 8.00%. Thereafter: Reset on each Reset Date to a new fixed rate equal to the prevailing 5 year USD Treasury yield + 385.8. LEI: MLU0ZO3ML4LN2LL2TL39;
Deal Comments
Tier 1
Use of Proceeds
Refinancing, general corporate purposes and to maintain the issuer's capital base