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CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
---|
EUR | 600.000 | - | - | Subordinated | Ba2 | - | BB | Variable | B | 7.25% a | 7.00% a | 485.7 | 6.75% | - | 99.49800 |
Tranche Comments
P NC 5.5: Book size: 1500; First Pay: 2023-07-24; Redemption: 2028-04-24; Registration: Reg S Only; Comments: EUR600m perp NC5.5 bmk hybrid RegS. Ba2/NR/BB. GloCos BofA/HSBC(B&D)/IMI/MUFG. Active KBC. IPTs 7.25% area yield for exp 500m, guidance 7% area (+/-0.125% WPIR), launch 600m at 6.875% (with 6.75% coupon). Final books 1.5bn+ (peak 1.6bn+). DBR 0.5% 02/15/28 / Price: 92.75% / Yield: 2.018%, B+485.7. Reset at Initial Margin (2.634), then step-up at Initial Margin +100 (2.617). FTT 3:55pm. Reset Date: 2028-07-24. Par Call: 3m. Cleanup Call: at 75%. Tax Call: Yes. CoC: Yes, or 500bp step-up. MWC: B+50bps. LEI: 529900JEHFM47DYY3S57;
Deal Comments
Unsecured Hybrid Bond
Use of Proceeds
General Corporate Purposes
CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
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WWE | 546.000 | 9 | Jan-02 | Lt. Vxbqjttqh | - | - | - | Dpqxv | Euihz | NA+200 j | RW+175-180 | 170 | 2.13% | - | 43.91000 |
Tranche Comments
7 hw: Book size: 3277; Registration: Wvz S Tbgf; Comments: LQV650w (uqzihnw evnw LQV500w) 7yv. Qrvjznw. AnnKnz YOWC(Y&L)/YLMM. WYz KO/Ljzy/Qri. EMFz WA+200 jvnj, ruiwjrjn +175/+180 env 650w, zeq +170. Ynnuz jnnznw 2.7er+. LYV 1.5% 05/24 +218.9eq (Myf 109.615) IVf 89%. Fjy Kjnnf Ln. MMf Ln. ULf Ln. Mjv Kjnnf 3w;
Use of Proceeds
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