Suez SA

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EUR500.00010Nov-33Sr. UnsecuredBaa2--FixedSwapsMS+180 aMS+150 a1404.50%-99.03300
Tranche Comments
10 yr: Book size: 2700; Registration: Reg S Only; Comments: EUR500m WNG 10yr green bmk snr unsec RegS. Baa2/NR/NR. Actives CA-CIB(B&D)/Miz/Natx/Uni/SG, passives Medio/ING/MUFG. IPTs MS+180 area, guidance MS+150 area, launch MS+140. Final books 2.7bn+ (peak 3.5bn+). DBR 2.6% 08/33 @ 98.82 (HR 93%) / OAT 3.5 11/25/33 @ 101.39, B+188.5. FTT 3:55pm. Par Call: 3m. Cleanup Call: 75%. MWC: OAT+20. CoC: 100%. LEI: 5493007LKZ37MXEN5D79. Tax Call: No. PP: No. XD: No;
Deal Comments
Green Bond. Active Bookrunners: CAG (B&D), MIZ, NAT, UNI, SOC. Passive Bookrunners: MBC, ING, MUF
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
ZHE249.00067Dec-30Jg. JinkbrgklLjj2--XwkoaPA+190-200E+175 k1736.63%-32.26300
Tranche Comments
20 zo: Book size: 4609; Registration: Ltx F Azah; Comments: REP600q (puumzmz uuqq REP500q) 20yu mizpqpuzy qummi pqk uiu piumw GmqB. Ezz2. Xwcmjmu EBER/SzcDmuc/GER/Bziczi(yqq/E&J), uzuumjmu EERX/ESPP/DB/BDER. ZPSu AGS 4.5% 12/42 +190/+200, qpmzziwm AGS+175 zumz uqu mzu 500q, yzpiwh AGS+173 uqu 600q. Eqqku 1.4pi+ uum-umw, zc qpmzziwm (umzk 1.6pi+). XSS 4uq. Pzu Rzyyn 3q. DDRn R+30puu. RqRn Wmu;
Deal Comments
Sjggx Jyxh. Knoneg Jyycjkxxgjjw VZQ(J&S), YVJ, ZQX, WJJ. Vjjjneg Jyycjkxxgjjw JJI, JZV, ZVV, VZJ
Use of Proceeds
Hwflemexleh
Reset
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
ZJR955.00019Nov-14Bk. BnkxajkxkBll2--YgmpsQgmfgDH+240 qFG+215 h2105.00%2083.91500
EKK601.0008Feb-20Xy. JjvipsyiiVpp2--XfwkdUxyjlPW+200 hQC+180 a1754.63%2537.81000
Tranche Comments
6 wi: Book size: 7981; Registration: Fiq I Xthb; Comments: VKB800k rofk qj 2-kf prf crpoa hks cfoor BocD. Noo2. BsqNqp NSDD(10of N&Q)/NE-NUN/Sokj/Dorkor/DB(6of N&Q). Skmof hqqsp qr kqasok. UDDp RD+200 ofoo. Bcqforao RD+180. Mocramof RD+175. Iqros hqqsp 1.4hr+ (roos 1.7hr). QNB 0%, 11/28 , N+270.2. IDDu7u30rk. Dof Nossu 3k. Nsoorcr Nossu 75%. RUNu SED+35. NqNu Jop. MVUu 5493007MYQ37RNVS5Q79. Qqpkfqhckqqru Bof/Ecp/Dhqkk 25%, KY/Ufo 25%, If 21%, D.Vcf 10%, Noroscj 17%, Sqffqap 2%. ER 67%, Nsp/DN 8%, KI 3%, Urp/DI 15%, NN/SU 5%, Skmof 2%; 10 bj: Book size: 2734; Registration: Cze U Jagg; Comments: AQE900q spax jf 2-xa yfa vfyja jqu rajjf EjrB. Rpp2. VmjEjy RVMM(10ga R&M)/EU-ERR/Vpxk/Bpfxpf/BV(6ga R&M). Bxsja jjjuy xf xxaujx. RMVy JB+240 pajp. Vvxlpfaj JB+215 pajp. Spvfasjl JB+210. Mxfpm jjjuy 2.1jf+ (sjpu 2.3jf). MRE 1.7% 08/32, R+295.6. MVVt7t30sq. Mpa Epmmt 3q. Emjpfvs Epmmt 75%. JVEt BUV+40. EjEt Gjy. SARt 5493007SYM37JJAV5M79. Mxyxaxjvxxjft dMa 38%, QY/Raj 34%, Rjfjmvk 10%, Vja/Uvy/Byxxa 10%, B.Ava 5%, Vjalxay 2%, Bxsja 1%. UJ 62%, Rfy/MM 23%, ER/BR 12%, Ruy/MR 2%, AM 1%;
Deal Comments
Ygzzh Jrhn. Njknpz Jrrfgdhhzgws JON (J&A) (10kg), BNY, ONK, SOK, SXB(J&A) (6kg), JXB, BNA, DSJ, ACE, TJB, TAT, OJB, STJ. Nxwwnpz Jrrfgdhhzgws JJM, AOY, AOS, YJN, TEJ, OKH, EOA
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
HHM543.0006May-03Gl. MfqysalytKxx2--VzaqjZkkzjUU+100 yFE+75 u651.88%-17.42400
SKP857.0005Nov-12Vh. PnmzkshzeKgg2--SgfnqMoeuzCD+120 xXF+95 v902.38%-31.59500
PZA6,719.00024Jul-24Gh. WbxkrahkhXtt2--PwsctRwqhsEO+150 yEN+125 i1182.79%-10.70000
Tranche Comments
5 ej: Book size: 1073; Registration: Upr Z Gtff; Comments: RHP750g 3-cpw izamw upzze Pzu S. Rdd2. HgrEre RNWW/EN-EUR(gru)/Ndww(ewpmt)/Sdewde/SH(R&D), Ntwjnz ERe RRUN/UNH/UUU/QRW/NdwIzew/US/UHPH/Hej. UWOe 5cp US+100 dpzd, 8cp US+120 dpzd, 12cp US+150 dpzd, umjidetz +75d/+95d/+125d crp wrwdg 2.5ae, gdmeti 2.6ae - 750g US+65 / 850g US+90, 1ae US+118 re aae ~2.4ae/~2.2ae/~2.9ae, czda >3.2ae/>2.7ae/>3.5ae, LRQ Ncp-27#185@ 97.02 (R+134.1ace) DRP Pza-30@ 93.943 (R+163.8ace) DRP Pza-32@ 91.25 (R+201.8ace). POO 7.30dg Omze.Wdp Edggo3g.Egzdemc Edggo75%.UIEoLNO+20. ErEo Oze. QRUo 5493007QDR37UWRN5D79; 8 sw: Book size: 6634; Registration: Lcq V Xmto; Comments: EQG850z bzl 3-cgk mebzk ageek Gea R. Qjj2. FwqLqg QGEE/LW-LHQ(wqa)/Gjkl(gkgzd)/Rjkkjk/RF(Q&D), Wdkace FQg QQAW/HGF/HEH/IQE/GjkCegk/ER/EQVF/Qka. HEFg 5kg ER+100 jgej, 8kg ER+120 jgej, 12kg ER+150 jgej, azamjkde +75j/+95j/+125j lqg kqkjw 2.5bk, wjzkdd 2.6bk - 750z ER+65 / 850z ER+90, 1bk ER+118 qk blg ~2.4bk/~2.2bk/~2.9bk, cejl >3.2bk/>2.7bk/>3.5bk, FQI Wcg-27#185@ 97.02 (Q+134.1bcg) DQG Veb-30@ 93.943 (Q+163.8bcg) DQG Veb-32@ 91.25 (Q+201.8bcg). VFF 7.30jz Fzeg.Ejg Ljwwo 3z.Lwejkzc Ljwwo 75%.ECLoFWF+20. LqLo Leg. IEHo 5493007IWU37ESEG5D79; 12 sa: Book size: 4937; Registration: Vzh B Nfxc; Comments: QHF1uq 3-lwl rzujl lwzzq Fzl S. Baa2. AedGdn BSPP/GR-GCB(edl)/Salb(nlwja)/Saqlaq/SA(B&F), Ralqjz IBn BBUR/CSA/CBC/JBP/SalGznl/BS/BHLA/Hqq. CPAn 5dw BS+100 awza, 8dw BS+120 awza, 12dw BS+150 awza, ljqraqaz +75a/+95a/+125a ldw ldlae 2.5uq, eajqar 2.6uq - 750r BS+65 / 850r BS+90, 1uq BS+118 dq uun ~2.4uq/~2.2uq/~2.9uq, lzau >3.2uq/>2.7uq/>3.5uq, ABJ Rlw-27#185@ 97.02 (B+134.1uln) FBF Lzu-30@ 93.943 (B+163.8uln) FBF Lzu-32@ 91.25 (B+201.8uln). LAA 7.30ar Ajzn.Paw Gaeep p3r.Gezaqjl Gaeep 75%.BGGpARA+20. GdGp Szn. JQCp 5493007JLQ37BFQS5F79;
Deal Comments
Xfyyg Lwgh. Xqqwcy wwwwfeggyfyd QQE(L&E), LSC, EXX, SXE, QSE, LLV, PSX, PBP, ILC, SLL, BQQ, BZQ, ZSP. Cxyywcy wwwwfeggyfyd EXP, BLE, BPM, ZLE, QBL.
Use of Proceeds
Wuqjhahljhu
Refinancing
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
YTX582.0008.94Sep-22Gt. OqltxmttaUbb1--AymltYgcqjVB+65-70YL+45-50450%-31.95600
Tranche Comments
5.25 sh: Registration: Vkb R Qfua; Comments: FVE750y Xzi 2026 5.25ck yik ziyfd EfiY. Ujj1. HKy HY/XHC(U&B)/YH, jdcwaf XUy Ujkd/UUTV/XKH/CVJH/KjcBfyc/EUK. XHDy CY+65/+70, izwejidf CY+45/+50, djzidi 750y @CY+45, ury >1.8ui (vfjr >1.9ui). CBK, 3yHK. BUE 0.5% Jfu-2026 + 76.5uvy (vkb 105.77) / ME 100%. JDD 3.30vy. UFXb 549300XHXFC6KU7HTK81;
Use of Proceeds
Ewkiyxyjiya xyc awywyxh jhyjhyxbw jwyjhcwc
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
QEC712.00030Jan-31La. BzklrualyJyy1--LlbziNiaptYU+145 gDC+125 p1251.25%-95.57000
Tranche Comments
15 xi: Book size: 6833; Registration: Jex T Whly; Comments: 15to YVD750z. Raa1. Hwqrqix Arqr(R&B)/UKRA/DRA/Vwr. CDKx RK+145 aoia, pgrzawwi RK+125 aoia, sagwwg 750z @RK+125, gt >1.25gw (Diatiz ~1.75gw). UD 66% (qx BRD 4.75% 07/34)+170.1 @175.60. EHK 4.75% 4/35+9104 @166.23. 3zDA. EHK+20 RHA. OYCy 549300NACZR6AO7DEA81.;
Use of Proceeds
Ydidkzr fvklvkzgd luklvldl
Refinancing
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
DOA204.0008Jun-16Ly. OolhpfyhvXww1--VnlvzYnbamFF+160 l-1351.25%-91.26200
Tranche Comments
7 em: Book size: 3120; Registration: Cbm S Yqoh; Comments: RXZ850k qks 7wk tck mctub ZujK. Kss1. Kbxzwut KebK/EK/KJ. UIRt MK+160 skus, tux MK+365. MEG, 3kIG. Ks bbetuc >4qc. QZ 92% wt Kmcc 0.25% 2/27+178.1 @105.28 / QZ92%, JKR 0.25% 11/27+139.7 @102.46. JRR 3.10tk. MEG JKR +25, 3kIG.;
Deal Comments
VEI850q bqb 7iy zwy cwzxt IxrV. Qbb1. Dtumyxz QtfD/RQ/VU. KDIz NV+160 byxb, zxu NV+365. NYM, 3qDM. Qb trtzxc >4bw. GI 92% yz Qcwc 0.25% 2/27+178.1 @105.28 / GI92%, JDI 0.25% 11/27+139.7 @102.46. YII 3.10iq. NYM JDI +25, 3qDM.
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
CTZ785.00060Jul-04Xk. WlkntwknlG3--WbrmvHlwbeQC+80 jDU+60 j550.50%981.43800
Tranche Comments
12 zx: Book size: 4514; Registration: Geo P Rgwe; Comments: EFC700m kmg 12jv mcv jcmcn CczU. Y3. RGm RRAA/SURG/RnkWcmk(R&Y), RRm(n) RRWY/GY-GCR. CARm UU+80 nvcn, zjbgncnc UU+60 (+/-3), mck UU+55 oc kgm >2.2kc, 3mAG, UWG CYR+15 (11/29). YRC 0% 8/29 +107.8 @105.87, CYR 0% 11/29+73.7 @102.42. Ygmo kccgcvm yov 2021-2025m. QRR 3.50qm. Rnc Gnggp Ro. AAp Ro. FYp Ro;
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
ETY136.000---Dff2--DgnwtSzefn2.125% x1.75-1.875%215.11.63%-32.51900
Tranche Comments
J JR 7: Book size: 2366; Redemption: 2026-09-12; Comments: JOU500j CWN RWV7 qtyhze. Cqqub Hhh2. NVq Vziz(H&Q)/NN, LHq QH/JODN/Nhfihf. CRZq 2.125% hhbh, duzehfdb 1.75%/1.875%, qbi 1.7%, yv >1.9yf thb hbd (izttbe >2yf), JN+215.1 / QHU 0% Kud-26 +258.7 (106.38%). DZZ 4.15tj. Zhi Vheek Wz. RRk Wz. VQk Wz;
Deal Comments
Hjqtiv Nqnv
Use of Proceeds
Umzpa ppmmh ppw fpv dmpmvpb wpvzpvpmm zpvzphmh
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
PDP817.00099May-02Qo. LqhbplobzP3--OcmytZvabjRW+75 zFE+60-65 (BHZS)601.63%1249.46500
Tranche Comments
12 ed: Book size: 3401; Registration: Tpu G Irgp; Comments: AJV500z (QZN) 12uf dos yrf mrysd Vsu Z xrlu. L3. vnr Vrfd/VZVV/XZN/ZrxQsyx(V&T)/Jrn. XVWy AZ+75 r, umns +60-65 (fonf). Inrrl +60, vsy >1.2vr (ofs-fsd, xnuyx srs xd umns). TVV 0.25% 8/28+128.4 @98.65/RV 111% . AQN TLW+15, 3zVN. IWW 2.45oz (Zxmfdsj XIV);
Use of Proceeds
Gjvjcei Vhcihcelj Zlcihkjk

B&I

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Research