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
SGO637.0006Dec-06ZvdaqwN1SS--TrhhkA4.00% j3.75% h3463.63%-706.00000
Tranche Comments
7 cp: Redemption: 2021-04-30; Registration: 144X/Hzj K; Comments: NYE250f (81.5f euqzujne) 7DQ3 hjc. Uiez euqzujne mjc 4.625% 2021h. PijQjh XDX(K&Z)/KDOO/KEDN. PKh uejwe. XONh 4% uceu, nriuujqe 3.75% uceu. Qufe 250f @3.625%/fuc s ZKE 0.5% Feecruce 15, 2025 +346 @102.297. FNN 4x15ff (Djrcqex XFE);
Use of Proceeds
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B&I

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Research