| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| EUR | 500.000 | 7 | Sep-28 | Sr. Unsecured | Baa1 | BBB+ | - | Fixed | Swaps | MS+65-70 | MS+45 a | 40 | 0.13% | - | 99.34100 |
| EUR | 500.000 | 10 | Sep-31 | Sr. Unsecured | Baa1 | BBB+ | - | Fixed | Swaps | MS+80-85 | MS+55 a | 50 | 0.50% | - | 99.91200 |
| EUR | 500.000 | 60.5 | Mar-82 | Subordinated | Baa3 | BBB- | - | Fixed | Swaps | 1.625% a | 1.125-1.25% a (+/-12.5) | 139 | 1% | - | 99.33900 |
Tranche Comments
7 yr: Book size: 1800; Registration: Reg S Only; Comments: EUR500m WNG 7y snr unsec RegS. With 500m 10y / 500m 60.5NC5.5 hybrid. Baa1/BBB+. Strucs JPM/SG, actives BofA(B&D)/Barc/DB/ING/Natx/Uni. 7-yr IPTs MS+65/+70, guidance MS+45 area, launch MS+40, bk >1.8bn pre rec @guidance. 3mPC. MWC B+15. DBR 0 ¼ 08/15/28 + 78.8 (@105.785) / HR 95%. LEI: 549300PDNGPM4PIAUK57;
10 yr: Book size: 2600; Registration: Reg S Only; Comments: EUR500m 10y snr unsec RegS. With 500m 10y / 500m 60.5NC5.5 hybrid. Baa1/BBB+. Strucs JPM/SG, actives BofA(B&D)/Barc/DB/ING/Natx/Uni. 10-yr IPTs MS+80/+85, guidance MS+55 area, set MS+50, bk >2.65bn pre rec @guidance. 3mPC, MWC B+15. DBR 0 08/15/31 + 86 (@103.545). LEI: 549300PDNGPM4PIAUK57;
60.5 yr: Book size: 1750; Redemption: 2026-12-21; Registration: Reg S Only; Comments: EUR500m WNG 60.5NC5.5 hybrid RegS. With 1bn 7y+10y snr unsec. Baa3/BBB-. Strucs JPM/SG, actives Barc/BNPP/UBS. IPTs 1.625% area, guidance 1.25% area (+/-12.5 WPIR) ann yld, launch 1.125%, bks >1.75bn, peak >2.75bn , FTT 3.45pm. Initial Margin: MS +139 / DBR 0 ¼ 02/15/27 +177.0 (px 104.95). MWC: B+30. LEI: 549300PDNGPM4PIAUK57 ;
Deal Comments
Hybrid (60.5yr). Joint Bookrunners: JPM, SOC, BRC; 7yr, 10yr: BAM(B&D), DEU, ING, NAT, UNI; 60.5 yr: BNP, UBS
Guarantor(s)
Adecco Group AG
Use of Proceeds
General Corporate Purposes
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| IZT | 522.000 | 66.4 | Invalid date | Tk. Hfpixgkii | Tee1 | VVV+ | - | Qrwim | Budbd | GS+95-100 | GM+80-85 | 80 | 1.25% | - | 59.92900 |
Tranche Comments
10.5 un: Book size: 502; Registration: Vkm W Kanc; Comments: EVU300o njyjjc 10.5sj gnj sngnf UnyB. Coo1/CCC+. HR RB(C&K), ZCg CCHH/Cmc/Vnm. JHXg CB+95/100, ysmgonfn CB+80/85, gj ~750o ojn jnf. Bmif inngnj. Roon CB+80 / C+136.8 / 1.307%. Hoj Royyv 3o. RjRv Rng;
Guarantor(s)
Nmxxxo Tgovj NT
Use of Proceeds
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