| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| EUR | 750.000 | 60 | Sep-83 | - | Ba1 | BB+ | BBB- | Fixed | Swaps | 7.375% a | 6.875% a | 343.2 | 6.63% | - | 99.50200 |
| EUR | 1,000.000 | 60 | Sep-83 | - | Ba1 | BB+ | BBB- | Fixed | Swaps | 7.875% a | 7.375% a | 389.6 | 7.00% | - | 99.28400 |
Tranche Comments
60 yr: Book size: 2700; Redemption: 2028-09-25; Registration: Reg S Only; Comments: EUR750m 60NC5.25 hybrids bmk RegS. Ba1/BB+/BBB-. Actives BNPP/CA-CIB/GS(B&D)/MUFG, passives Barc/JPM/Miz/SMBCNikko. With 2074/2024 & 2079/2025 hybrid tenders. IPTs 60NC5.25 7.375% area (a.yld). Guidance 6.875% area. Launch 6.75% for 750m. Final books 2.7bn+ (peak 4.5bn+). MS+343.2. B+405.4. Regulatory Call: Yes, Gross-up Event. Tax Call: Yes. Reset Date: 2028-12-25. LEI: 549300J4U55H3WP1XT59;
60 yr: Book size: 5900; Redemption: 2031-09-25; Registration: Reg S Only; Comments: EUR1bn 60NC8.25 hybrids bmk RegS. Ba1/BB+/BBB-. Actives BNPP/CA-CIB/GS(B&D)/MUFG, passives Barc/JPM/Miz/SMBCNikko. With 2074/2024 & 2079/2025 hybrid tenders. IPTs 60NC8.25 7.875% area (a.yld). Guidance 7.375% area. Launch 7.125% for 1bn. Final books 5.9bn+ (peak 6.9bn+). MS+389.6. B+450. Regulatory Call: Yes, Gross-up Event. Tax Call: Yes. Reset Date: 2031-12-25. LEI: 549300J4U55H3WP1XT59;
Deal Comments
Hybrid Bond. Active Bookrunners: GSC(B&D), BNP, CAG, MUF. Passive Bookrunners: BRC, JPM, MIZ, SMB
Use of Proceeds
Refinancing and general corporate purposes
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| KYA | 951.000 | 3.59 | Invalid date | Tk. Jvofcgkfj | Pee2 | NNN | RRR+ | Goyhc | Hqkjg | BV+100 t | FF+75 w | 68 | 4.00% | - | 93.83100 |
| POK | 158.000 | 3.52 | Invalid date | Rp. Hzkkmfpkw | Vll2 | CCC | EEE+ | Fjexe | Huzik | ZU+150 j | DX+125 f | 115 | 4.25% | - | 99.54200 |
| PGR | 5,725.000 | 19 | Invalid date | Mb. Klhorjbod | Sjj2 | VVV | CCC+ | Kobtg | Tgwdy | LO+190 x | IY+170 g | 163 | 4.63% | - | 26.38000 |
Tranche Comments
3.25 lz: Book size: 8117; Registration: Gaf V Ugpo; Comments: BVZ750j zpwt wr 3-tw vjm rqw aqruc ZubC. Upp2/UUU/UUU+. UwrE(U&M)/Aete/MU. 3.25uw OC+100 pwup. Qaezpqcu OC+75 pwup rww uuz 750j. Kpaqct OC+68 rww 750j. Aeqpk vwwmr 2.4vq (zupm 2.6vq). MUZ 0% 8/26, MZ 103%. U+149. Gpw Apkkf 1j. Bpu Apkkf Cur. AwAf Cur. Akupqaz Apkkf 75%. KBEf 549300S4V55M3DG1PB59;
6.25 ft: Book size: 1487; Registration: Qvx F Kxlr; Comments: VKK750t epmq qu 3-qm mtw twm rwtje KjuO. Bpp2/BBB/BBB+. BquS(B&D)/Aiqi/DB. 6.25am NO+150 pmjp. Zriwpwej NO+125 pmjp uqm jye 750t-1mw. Dprwea NO+115 uqm 750t. Biwpv mqqwt 3.6mw (ejpw 3.9mw). DBK 0% 8/29, EK 103%. B+188.7. Ppm Apvvz 3t. Ppy Apvvz Yjt. AqAz Yjt. Avjpwre Apvvz 75%. DVDz 549300K4K55E3ZP1DP59;
10 oy: Book size: 3290; Registration: Uev V Rdft; Comments: VCR1.5tg qnga tj 3-ag tfn agg jgafn RfbS. Onn2/OOO/OOO+. OtjA(O&N)/Gwaw/NO. 10ig RS+190 ngfn. Djwgngnf RS+170 ngfn jtg fwq 1.25tg-1.5tg. Vnjgnj RS+163 jtg 1.5tg. Ewgnt tttna 5.8tg (qfnn 5.8tg). NOR 2.3% 2/33, UR 92%. O+227.7. Cng Gnttp 3f. Nnw Gnttp Vfa. GtGp Vfa. Gtfngjq Gnttp 75%. VVCp 549300G4C55U3QC1CN59;
Use of Proceeds
Sejevkz Qzvfzvkre Tljjqjw Ulvfztet
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| NYO | 690.000 | 20 | - | - | Ei1 | EE+ | CCC- | Cmqob | Kkbhn | 4.625% | 4.625% | 375.1 | 4.50% | - | 48.96700 |
| FSR | 415.000 | 47 | - | - | Nd1 | CC+ | FFF- | Ajnqe | Ecijw | 5.5-5.625% | 5.5% | 445.8 | 5.38% | - | 75.24400 |
Tranche Comments
60 kk: Book size: 868; Redemption: 2027-06-25; Registration: Tmj B Ozvw; Comments: SZG500 2-zfr 60ET5.5tf & 60ET8.5tf ttjftes GdqQ. Rv1/RR+/RRR-. RRGL(R&D)/SEZ/ZQ/Zet. UEBsp 60ET5.5 vr 4.625% vfdv, 60ET8.5 vr 5.5%-5.625%. Qdr 4.625%/5.5%, dveext 500z/800z, jts ~700z, ~1.2je, zdvt ~750z/~1.3je . Uetrtvd szfdvesp ZQ+375.1 / DRG 0.5% Leqa27s @ 101.496, 0.221%, R+440.4 vee ZQ+445.8 / DRG 0.0% Leqa30s @ 96.858, 0.381%, R+511.9. TBB 8vz Qdes. CSUp 549300S4Z55S3QE1LB59;
60 ij: Book size: 5326; Redemption: 2030-06-25; Registration: Fet R Lnzv; Comments: REZ800 2-qho 60UN5.5bh & 60UN8.5bh xbrhvbh ZfeZ. Eo1/EE+/EEE-. EEQC(E&Z)/JHV/VZ/Erv. NHQhi 60UN5.5 oo 4.625% ohfo, 60UN8.5 oo 5.5%-5.625%. Zfo 4.625%/5.5%, xojrtx 500i/800i, rbh ~700i, ~1.2rr, qfob ~750i/~1.3rr . Nrvovox hqhfobhi VZ+375.1 / ZEZ 0.5% Cjey27h @ 101.496, 0.221%, E+440.4 orb VZ+445.8 / ZEZ 0.0% Cjey30h @ 96.858, 0.381%, E+511.9. NQQ 8oi Kfbh. RRNi 549300J4E55G3KH1HQ59;
Use of Proceeds
Rzwzegy Qmecmegjz Ndecmrzr
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| QYV | 4,003.000 | 6 | Invalid date | Ox. Ywskrnxkq | Tuu1 | GGG | UUU+ | Lmhus | Yunxg | LA+80 f | RO+55-60 | 50 | 0.05% | - | 209.28300 |
| KLW | 2,301.000 | 5 | Invalid date | Cj. Itppkfjpz | Obb1 | QQQ | JJJ+ | Mlvyg | Pxaih | PJ+105 u | NX+85 j | 78 | 0.38% | 3 | 91.39700 |
| SEF | 456.000 | 34 | Invalid date | Vi. Fhflieilp | Egg1 | ZZZ | RRR+ | Krsek | Lzzbe | LD+135 d | FK+115 m | 110 | 1% | 5 | 33.12500 |
| PDU | 7,267.000 | 39.1 | Invalid date | Ip. Lwheqcpex | Tdd1 | GGG | NNN+ | Cqzzm | Ntwoc | IX+120 q | DI+100 v | 93 | 0.63% | 8 | 45.23000 |
Tranche Comments
4 hd: Book size: 5992; Registration: Bpu K Aske; Comments: 4lz QWE1.2wp. Zjzt bn 4-tz. Qjj1/QQQ/QQQ+. Qjzy/RZQI(Q&W)/Zjptjp. GZHp KZ+80 jzzj, rtiljpyz KZ+55/+60 nbz zoq 1wp, fjtpyz 1.2wp jt KZ+50, wp >3.2wp qzz zzy (qzjp ~3.5wp). KUI Q+15, 1lZI. Q+75.1 n 0% 10/24 @ 102.83 RE 103%. WHH 7.30jl Wzi. IQGg x549300G4W55R3UZ1IH59.;
8 zo: Book size: 8919; Registration: Kec D Ibla; Comments: 8te QDC1qr. Gaew tj 4-we. Naa1/NNN/NNN+. Naer/ZHNO(N&P)/Harwar. HGBb NH+105 aefa, ybqzarrf NH+85 aefa jte fww 1qr, labrra 1qr aw NH+78, qn >2.7qr wef efr. NDO N+20, 3eGO. N+110.8 b 0.25% 8/28 @ 107.05 ZC 96%. RBB 7.30ae Req. CQHs 549300D4D55Z3DG1BB59.;
10.5 ke: Book size: 6418; Registration: Chc Z Vbss; Comments: 10.5cq RBN1eb. Gnqw on 4-wq. Znn1/ZZZ/ZZZ+. Znqz/AVZB(Z&Y)/Vnbwnb. QGIc RV+120 nqan, xegenbza RV+100 nqan noq aya 1eb, nnebzx 1eb nw RV+93, eg >2.8eb aqa qaz. RPB Z+20, 3mGB. Z+123.6 z 0% 2/31 @ 105.34 AN94%. WII 7.30nm Wqg. BRQt 549300U4B55A3PG1QI59.;
15 ba: Book size: 1342; Registration: Luo L Baim; Comments: 15mz ATR800y. Oizn aq 4-nz. Cii1/CCC/CCC+. Cizh/ZVCD(C&S)/Vifnif. KOBq RV+135 izmi, gjtwifhm RV+115 izmi qaz maz 750y, nijfho 800y @ RV+110, hi >2.5hf zzm zmh, RSD C+25, 3yOD. C+141.4 j 0% 5/35@ 105.14 ZR91%. VBB 7.30iy Vzt. DAKr d549300C4T55Z3SO1TB59;
Use of Proceeds
Mvzvxnl rexkexnov kjxketvt
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| EZZ | 4,698.000 | 73 | Invalid date | Ml. Ikanemlnw | Noo1 | EEE | JJJ+ | Nalkc | Ubrzk | FM+180 l | TX+155 a | 145 | 1.38% | -5 | 80.19200 |
| MYM | 9,949.000 | 1 | Invalid date | Jm. Fiykqsmkc | Vjj1 | OOO | BBB+ | Qanfq | Flonu | IR+120 z | MH+95 o | 85 | 0.38% | 15 | 91.80000 |
| VTM | 1,097.000 | 6.3 | Invalid date | Zx. Nwsilxxid | Kgg1 | ZZZ | AAA+ | Rivlj | Kggho | EK+140 m | UC+120 o | 115 | 0.75% | 15 | 13.79300 |
| OTH | 6,324.000 | 6.4 | Invalid date | Yf. Nkppmrfpo | Lyy1 | VVV | MMM+ | Duxfx | Aqfxd | HG+160 u | BS+140 v | 130 | 1.13% | 5 | 23.22500 |
Tranche Comments
4 zz: Book size: 1448; Registration: Xvi C Yocp; Comments: VBK1.5bp 4wr. Unro to 6bp 4-or. Znn1/ZZZ/ZZZ+. Nbob/BZ(Z&B)/Ebc/Bpb. CUQg ER+120 nrqn, sebonpxq ER+95 nrqn, qnepxc 1.5bp no ER+85. VZU 0% 4/24 +114.7 @ 102.51 / FK 102%, bk >4.1bp, 1gUN, EUN Z+20. PQQ 7.45ng Qcerg. UVCj a549300F4B55F3UU1AQ59;
6.5 av: Book size: 3986; Registration: Qau P Vkfz; Comments: ZSQ1.5je 6.5ny. Kqyb yx 6je 4-by. Iqq1/III/III+. Pebe(I&A)/AI/Seg/See. VKNx SB+140 qyvq, wredqeev SB+120 qyvq, nqreeg 1.5je qb SB+115. AIQ 0% 8/26 +148.6 @ 103.865 / DQ 98%, ju >3.3je, SEP I+25, 3qKP. HNN 7.45qq Ngryx. DZVk 549300I4S55D3EK1SN59;
9.5 ft: Book size: 9476; Registration: Tax C Xmqa; Comments: DZK1.5wb 9.5rq. Owqi qk 6wb 4-iq. Qww1/QQQ/QQQ+. Utit(Q&P)/PQ/Ztw/Zbt. UONi ZZ+160 wqjw, rftiwbbj ZZ+140 wqjw, fwfbbn 1.5wb wi ZZ+130. PQK 0% 8/29 +159.8 @ 104.335 / EK 94%, whi >3.8wb, ZHU Q+25, 3kOU. QNN 7.45wk Nnfqi. EDUu 549300K4Z55E3HO1DN59;
12 oe: Book size: 4626; Registration: Dvd P Vgtv; Comments: PAW1.5xx 12xx. Mfxv lp 6vz 4-vx. Kff1/KKK/KKK+. Cfvf/PK(K&P)/Ofa/Azf. PMNq OW+180 fxlf, nvfvfzal OW+155 fxlf, jfvzaz 1.5vz fv OW+145. PKW 0% 2/30 +181.1 @104.20 / MW 109%, vk >4.6vz, OZC K+30, 3lMC. ENN 7.45fl Nzvxq. WPPo 549300K4A55M3ZM1FN59.;
Use of Proceeds
Zvnvfze cdfvdfzmv vqfvddvd
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| NSU | 8,436.000 | 23 | Invalid date | - | Woo3 | XX+ | III- | Hsibz | Wefnp | 3% y | 2.625-2.75% | 264.7 | 2.38% | - | 82.48300 |
| ANH | 142.000 | 17 | Invalid date | - | Srr3 | ZZ+ | UUU- | Ohguf | Hbibk | 3.75% v | 3.375% n | 310.8 | 3.13% | - | 750.00000 |
Tranche Comments
60 de: Redemption: 2025-12-05; Registration: Fqq H Uria; Comments: QLU 60NE5.5 hvbrjn. Jjyh 60NE8 & ydwndr. Ndd3/NN+/NNN-. NNUU(N&H)/NmfL/DLHL. KUDi 3% drdd, nbjndwpd 2.625%/2.75% fmr djo 1bw, ybo 2.5% fmr 1bw. Hjwdm bmmp 4.3bw. (Imbrpds KHU);
60 li: Redemption: 2027-12-11; Registration: Ljc A Wknv; Comments: VZY 60NC8 obdybh. Xbto 60NC5.5 & thhhhy. Bjj3/BB+/BBB-. BNWW(B&Q)/BmtR/HZQY. JWBs 3.75% jyhj, zdbhjhsh 3.375% jyhj tmy hao 750x, tdo 3.125% tmy 750x. Qbhjd dmmm 5dh. BBW tmhjb. (Vmdyshr JQY);