3.5 yr: First Pay: 2023-07-15; Redemption: 2024-11-15; Registration: Reg S Only; Comments: EUR700m (upsized from EUR400m) 3.5NC2 snr unsec SLB RegS. Ba2/BB/BB+. GloCos/phys BNPP/SG(struc/B&D), GloCo CIC. JBs Miz/Natx/Santan/BoC/DB/IMI/RBI. IPTs 7.5% area (+/- 0.125%) for 550m min, guidance 7.25%/7.375% for 700m. Set 7.25%, B+513bps vs. OBL 0% due 10 April 2026. Co-managers below. FTT 7.30am TUes. Reset Date: 2024-11-15. Call Schedule: Non-Callable Until Nov 15, 2024, then Callable on Nov 15, 2024 103.75, Nov 15, 2025 101.938, Nov 15, 2026 100.125. CoC: 101%. LEI: 969500F0VMZLK2IULV85;
Deal Comments
Sustainability-Linked Bond
Use of Proceeds
Repay in part the principal amount outstanding under the Bridge Facilities