| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| EUR | 250.000 | 2 | Mar-21 | Sr. Unsecured | A3 | A | - | Floating | 3mEu | 3mEu+35 a | 3mEu+21 a | 20 | 3mEu+20 | - | 100.24900 |
| EUR | 750.000 | 3 | Dec-22 | Sr. Unsecured | A3 | A | - | Fixed | Swaps | MS+55 a | MS+35 a | 30 | 0.00% | - | 100.07200 |
| EUR | 1,000.000 | 6 | Jul-25 | Sr. Unsecured | A3 | A | - | Fixed | Swaps | MS+75 a | MS+55 a | 50 | 0.25% | - | 99.37200 |
| EUR | 1,000.000 | 12 | Jul-31 | Sr. Unsecured | A3 | A | - | Fixed | Swaps | MS+95 a | MS+75 a | 68 | 1.00% | - | 99.93200 |
| EUR | 1,000.000 | 20 | Jul-39 | Sr. Unsecured | A3 | A | - | Fixed | Swaps | MS+115 a | MS+95 a | 90 | 1.50% | - | 99.12900 |
| EUR | 1,000.000 | 30 | Jul-49 | Sr. Unsecured | A3 | A | - | Fixed | Swaps | MS+150 a | MS+125 a | 115 | 1.75% | - | 97.33100 |
Tranche Comments
2 yr: Book size: 1100; Registration: Registered; Comments: EUR250m tap of EUR500m 3mE+20 Mar 2021 FRN. Part of 5bn six-tranche. SEC regd. A3/A. Barc/BAML/GS(B&D). IPTs 3mE+35 area, guidance DM+21 area, set DM+20 on bk >1.1bn;
3 yr: Book size: 1500; Registration: Registered; Comments: EUR750m bmk long 3yr. Part of 5bn six-tranche. SEC regd. A3/A. Barc(B&D)/BAML/GS. IPTs MS+55 area, guide MS+35 area, launched 750m @MS+30, bk ~1.5bn (peak >2.2bn), OBL 0% 22 #176 +72.1 @102.473 / HR 101%. MWC: B+15bp. Par Call: 1m;
6 yr: Book size: 4100; Registration: Registered; Comments: EUR1bn bmk 6yr. Part of 5bn six-tranche. SEC regd. A3/A. Barc/BAML(B&D)/GS. IPTs MS+75 area, guide MS+55 area, launched 1bn @MS+50, bk ~4.1bn (peak >4.8bn), DBR 0.5% 2/25+98.1 @106.48 HR 99%,.MWC: B+15bp. Par Call: 3m;
12 yr: Book size: 5000; Registration: Registered; Comments: EUR1bn bmk 12yr. Part of 5bn six-tranche. SEC regd. A3/A. Barc/BAML/GS(B&D). IPTs MS+95 area, guide MS+75 area, launched 1bn@MS+68 on bk ~5bn (peak >6n), DBR 0.25% 2/29 +133.5 @ 105.675 HR 111%. MWC: B+20bp. Par Call: 3m;
20 yr: Book size: 3800; Registration: Registered; Comments: EUR1bn bmk 20yr. Part of 5bn six-tranche. SEC regd. A3/A. Barc/BAML(B&D)/GS. IPTs MS+115 area, guide MS+95 area, launhced 1bn @MS+90, bk ~3.8bn (peak >4bn), DBR 4.25% 7/39+151 @183.91 HR 59%. MWC: B+25bp. Par Call: 3m;
30 yr: Book size: 5000; Registration: Registered; Comments: EUR1bn bmk 30yr. Part of 5bn six-tranche. SEC regd. A3/A. Barc(B&D)/BAML/GS. IPTs MS+150 area, guide MS 125 area, launched 1bn@MS+115, bk #5bn (peak >5.5bn), DBR 1.25% 8/48 +161.2 @127.90 HR 70%. MWC: B+25bp. Par Call: 3m;
Deal Comments
Joint Bookrunners: BRC (B&D) (3yr/30yr), GSC (B&D) (2yr/12yr), BAM (B&D) (6yr/20yr)
Guarantor(s)
Medtronic PLC, Medtronic Inc