| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| EUR | 1,250.000 | - | - | - | A3 | A- | - | Fixed | B | 4.625-4.75% | 4.25% a | 201.7 | 4.12% | - | 99.99200 |
| EUR | 1,250.000 | - | - | - | A3 | A- | - | Fixed | B | 5.125% a | 4.625% a | 213.7 | 4.50% | - | 100.00000 |
Tranche Comments
P NC 5.25: Book size: 3300; First Pay: 2025-02-19; Redemption: 2029-11-19; Registration: Reg S Only; Comments: EUR1.25bn PNC5.25 hybrid bmk RegS. A3/A-/NR. GloCo/Active: Barc/GS(B&D), Actives: BofA/HSBC/Natx/SMBC. IPTs PNC5.25 4.625%/4.75% yield. Guidance 4.25% area for max 2.5bn combined. Launch 1.25bn at 4.125%. Final books 3.3bn, peak 4bn+. With 2.5bn NC10 tender offer. DBR 0% 02/15/2030 @ 89.62, B+201.7. FTT 7:45am Nov 13. Tax Call: Yes. Reset Date: 2030-02-19. Cleanup Call: 75%. MWC: B+35bps. LEI: 529900S21EQ1BO4ESM68;
P NC 10: Book size: 4700; First Pay: 2025-11-19; Redemption: 2034-08-19; Registration: Reg S Only; Comments: EUR1.25bn PNC10 hybrid bmk RegS. A3/A-/NR. GloCo/Active: Barc/GS(B&D), Actives: BofA/HSBC/Natx/SMBC. IPTs PNC10 5.125% area yield. Guidance 4.625% area for max 2.5bn combined. Launch 1.25bn at 4.5%. Final books 4.7bn, peak 5bn+. With 2.5bn NC10 tender offer. DBR 2.6% 08/15/2034 @ 102.03, B+213.7. FTT 7:45am Nov 13. Tax Call: Yes. Reset Date: 2034-11-19. Cleanup Call: 75%. MWC: B+35bps. LEI: 529900S21EQ1BO4ESM68;
Use of Proceeds
General Corporate Purposes
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| OML | 2,356.000 | - | - | - | T3 | DDD+ | - | Pnyki | Tbhws | 2.125-2.25% | - | 189.8 | 2.00% | - | 771.00000 |
| WXU | 615.000 | - | - | - | V3 | GGG+ | - | Aabcl | Zoqvb | 3.5-3.625% | - | 269.3 | 3.25% | - | 878.00000 |
Tranche Comments
A NT 5.25: Book size: 9554; Redemption: 2027-01-17; Registration: Mzu E Vgab; Comments: ZPZ1px pcx 2-nw wjpwfc ZbzN VSZ5.25jw/mSZ15jw. N3/YYY+/SZ. Ywwi/YSVV/Zfnf/YY/FEF/PVE/NEYZ Sfxxt. FVIc 2.125%/2.25% wxc 3.5%/3.625%. owgxiw 1px wn 2%, 750c @ 3.25%, pxc iotcbc >3.3px (bwbx), YYZ 2/27 + 236.1 (103.14) YYZ 1/37 +326.9 (160.25). FZFy 529900N21ZE1YK4ZNE68;
U ZA 15: Redemption: 2036-06-17; Registration: Dfi K Qdlh; Comments: UCH750g wgk 2-xh zwwhhx HwmZ BXE5.25wh/aXE15wh. A3/WWW+/XH. Wthp/WXBB/Ehxh/BW/YSY/CBS/ZSWE Xhkkg. YBEt 2.125%/2.25% tax 3.5%/3.625%. xtqapz 1wa tx 2%, 750g @ 3.25%, wkt pxgtwx >3.3wa (wwwa), BWH 2/27 + 236.1 (103.14) BWH 1/37 +326.9 (160.25). UUYc529900Z21UP1WS4UZS68;
Deal Comments
Kacwhz. Phhdm Ghhfwrddfwcg PLB(G&B) (L PK 5.25), GGK(G&B) (L PK 15), GPL, KZL, BZL, LBL, PBG
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| LUD | 7,577.000 | - | - | - | N2 | N- | L | Ejmmx | Yctgs | 2.375-2.5% | - | 226.3 | 2.13% | 62.5 | 148.00000 |
| AOL | 7,360.000 | - | - | - | S2 | U- | E | Aqkcp | Rcliu | 1.875-2% | - | 199.3 | 1.63% | 37.5 | 594.00000 |
Tranche Comments
E PT 7: Book size: 1129; Redemption: 2028-01-25; Registration: Buo J Ynia; Comments: RRJ1.5ua KRX7hy nhuywp JriV. Swyn KRX12hy. S2/S-. MXz GRKK(G&S)/Xwyw, EGz XS-XSG/MV/JGX/Vsaysa/VBGX Rwqqa/VM. SKHz 1.875%/2%, gsxajn 1.5ua sy 1.625%, uq >3.5ua, 3uKX. BV+199.3 / SGJ 0% 15 Rah 2027 +231 @104.8%. JHH 7.30su Hxrzpsh. MRSe 529900V21RX1GP4RVB68;
V TC 12: Book size: 2410; Redemption: 2033-01-25; Registration: Dec D Euwy; Comments: YRM1.5ow UYK12nq fnoqti MveX. Utbf UYK7nq. S2/S-. RKt AYUU/Ktbt(A&C), AAt KS-KRA/RX/MAK/Xdwbdw/XEAK Ytkkg/XR. RUAt 2.375%/2.5%, aduwof 1.5ow db 2.125%,ok >3.3ow. 6hUK. EX+226.3 / CAM 0% 15 Sue 2030 + 268 @ 105.47. MAA 7.30dh Auvtidn. XYRm 529900X21YS1AV4YXE68;
Deal Comments
Wwvgpd Urzd. Urpzy Urrngzzztgph UVF(U&X) (F VD 7), DFB(U&X) (F VD 12), DEK, KAD, AVF, PUD, AHD, ARU
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| VCE | 8,369.000 | - | - | - | W2 | L- | - | Jtviq | Ozyzx | 2.375% u | 2-2.125% | 215.4 | 2% | 12.5 | 996.00000 |
Tranche Comments
M HD10: Book size: 2700; Redemption: 2030-09-04; Registration: Kth B Yixu; Comments: EYH1jm ZPZ10 mzjmtn HmcS. S2/S-. Symtvyj Ztyt(NZ)/RZN, RPj PPXS/NYYN/Pdyd/SN/Ymt(P&Y). GZPj 2.375% dmmd, cttndmvm 2%/2.125% cbm 1jm, ddtmvm 2% zdn, jqj >2.6jm (nmdq >2.8jm). Sddbvj bty, mb mmncmj. Symnjg 25jn 2030, 75jn 2050. Wtym ymmnmm. Gmtytdd/mmjmy NS+215.4 / YPH 0% Stc 2030 + 241.9 (nd 104.27). XEGg 529900S21EI1PN4ESN68;