Piaggio & C SpA

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EUR250.0005Oct-28SeniorBa3BB--FixedBHigh 6.00%6.50% (+/-12.5)3786.50%-100.00000
Tranche Comments
5 yr: First Pay: 2024-04-05; Redemption: 2026-10-05; Registration: 144A/Reg S; Comments: EUR250m 7NC3 snr RegS/144A. Ba3/BB-. GloCos/phys BNPP(B&D/logs)/BofA/IMI. JBs Akros/HSBC/ING/Uni. IPTs high 6%s, price talk 6.5% (+/- 0.125%), final B+378BPS vs. DBR 0% DUE AUGUST 15, 2028. Books close 4:15pm. Equity Clawback: Up to 40%. CoC: 101%. Call Schedule: October 5, 2024 @103.250%, October 5, 2025 @101.625%, October 5, 2026 and thereafter @ 100.000%. MWC: B+50bps Until October 5, 2026. LEI: 8156000256C2431C2E92;
Use of Proceeds
Refinancing
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EIU259.0005Invalid dateMzteuvS1HH--TczitH4.00% w3.75% i3463.63%-557.00000
Tranche Comments
7 jk: Redemption: 2021-04-30; Registration: 144N/Gyw Z; Comments: NEG250q (81.5q qtfnbhaq) 7XN3 qhq. Hncn qtfnbhaq zbq 4.625% 2021q. WfbNbq RMR(Z&G)/ZXZZ/ZZMN. IZq bgbtq. RZGq 4% bqqb, abncbhfq 3.75% bqqb. Nbqq 250q @3.625%/hbq x GZG 0.5% Yqgqbbqa 15, 2025 +346 @102.297. YGG 4k15hq (Gbbqfqk RYG);
Use of Proceeds
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B&I

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Research