Tranche Comments
1.5 yr: Book size: 1900; Registration: Reg S Only; Comments: EUR500m 18m part of 3-tr snr unsec bmk RegS. A3/BBB+. DB/HSBC/ING/JPM(B&D)/SG. IPTs exp 500m 18m at MS+45 area. Guidance MS+15 area, total size capped 2bn. Launch 500m at MS+5 (tbp vs interp 1yr/2yr MS). Final books 1.9bn. BKO 0.4% 09/24 (px 95.730, HR 103%), B+59.3, DBR 0% 08/30 (px 82.360, HR 107%), B+129.2, DBR 0% 05/35 (px 72.380, HR 108%), B+150.3. FTT: 5pm. LEI: 724500K5PTPSST86UQ23. Tax Call: Yes. CoC: Yes. Distribution: Ger/Aus/Switz 35.7%, Fr 20%, Benelux 15.2%, UK/Ire 12.7%, Nordics 0.6%, RoEur 13.8%, Asia 2%. AM 76.3%, Bks 13.2%, CB/OI/Gov 3.2%, Ins 3%, PF 4.2%;
7 yr: Book size: 1900; Registration: Reg S Only; Comments: EUR750m long 7yr part of 3-tr snr unsec bmk RegS. A3/BBB+. DB/HSBC/ING/JPM(B&D)/SG. IPTs long 7yr bmk at MS+100 area. Guidance MS+75 area, total size capped 2bn. Launch 750m at MS+70. Final books 1.9bn. BKO 0.4% 09/24 (px 95.730, HR 103%), B+59.3, DBR 0% 08/30 (px 82.360, HR 107%), B+129.2, DBR 0% 05/35 (px 72.380, HR 108%), B+150.3. FTT: 5pm. Tax Call: Yes. Par Call: 3m. Cleanup Call: 75%. MWC: B+20. CoC: Yes. Acq Call: Call until [23] November 2023 at 101 in case Distell acquisition does not materialize. LEI: 724500K5PTPSST86UQ23. Distribution: Ger/Aus/Switz 25.6%, Fr 26.1%, Nordics 15.1%, UK/Ire/Iberia 15.3%, Benelux 8.9%, Asia 4.6%, RoEur 3.8%, Other 0.6%. AM 69.6%, Bks 17.1%, Ins 7.6%, CB/OI/Gov 2.1%, Other 1.9%, PF 1.7%;
12 yr: Book size: 950; Registration: Reg S Only; Comments: EUR750m 12yr part of 3-tr snr unsec bmk RegS. A3/BBB+. DB/HSBC/ING/JPM(B&D)/SG. IPTs 12yr bmk at MS+125 area. Guidance MS+105 area, total size capped 2bn. Launch 750m at MS+102. Final books 950m. BKO 0.4% 09/24 (px 95.730, HR 103%), B+59.3, DBR 0% 08/30 (px 82.360, HR 107%), B+129.2, DBR 0% 05/35 (px 72.380, HR 108%), B+150.3. FTT: 5pm. Tax Call: Yes. Par Call: 3m. Cleanup Call: 75%. MWC: B+25. CoC: Yes. Acq Call: Call until [23] November 2023 at 101 in case Distell acquisition does not materialize. LEI: 724500K5PTPSST86UQ23. Distribution: Ger/Aus/Switz 33.1%, UK/Ire 24%, Fr 20.4%, Benelux 13.9%, Nordics 6.3%, RoEur 1.8%, Asia 0.6%. AM 76.4%, CB/OI/Gov 10.7%, Bks 5.3%, Ins 4.8%, Other 2.8%;