| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| EUR | 300.000 | 7 | Feb-31 | Sr. Secured | B2 | B | - | Fixed | B | 7.00-Low 7.00% | 7.00% a | 455 | 6.75% | - | 100.00000 |
| EUR | 650.000 | 7 | Feb-31 | Sr. Secured | B2 | B | - | Floating | 3mEu | 3mEu+450-475 | 3mEu+425-450 | 425 | 3mEu+425 | - | 100.00000 |
| EUR | 300.000 | 5 | Feb-29 | - | - | B- | - | Fixed | YLD | 11.25-11.50% | 11.00% a | - | 10.00% | - | 100.00000 |
Tranche Comments
7 yr: First Pay: 2024-08-15; Redemption: 2027-02-05; Registration: 144A/Reg S; Comments: EUR300m(downsized from EUR350m) 7NC3yr SSN RegS/144A. GloCos JPM(phys/B&D)/BNPP/Citi/CA-CIB/GS/ING/Intesa SP/KKR/Miz/MS/RBI/Uni. IPTs low 7s, price talk 7% area, launch 6.75% for 300m. Fxd DBR 0% 2/31+455 . FTT 5.20pm
Reset Date: 2027-02-05. MWC: B+50bps to first call. Equity Claw Back: Up to 40% at 106.750% to 5/2/27. CoC: 101% of principal plus accrued interest. Call Schedule: 2027-02-05 @103.375, 2028-02-05 @101.6895, 2029-02-05 @100.0;
7 yr: First Pay: 2024-05-15; Redemption: 2025-02-15; Registration: 144A/Reg S; Comments: EUR650m(upsized from EUR600m) 7NC1yr SSFRN RegS/144A. GloCos JPM(phys/B&D)/BNPP/Citi/CA-CIB/GS/ING/Intesa SP/KKR/Miz/MS/RBI/Uni. IPTs E+450/+475 @99.50, price talk E+425/+450 @99.50, launch E+425 at par for 650m. FTT 5.20pm. Reset Date: 2025-02-15. Call Schedule: 2025-02-15 @101.0, 2026-02-15 @100.0. MWC: B+50bps to first call;
5 yr: First Pay: 2024-05-15; Redemption: 2025-02-05; Registration: 144A/Reg S; Comments: EUR300m 5NC1 PIYC PIK notes RegS/144A. NR/B-. GloCos JPM(phys/B&D)/BNPP/Citi/CA-CIB/GS/ING/Intesa SP/KKR/Miz/MS/RBI/Uni. IPTs 11.25%/11.5%, price talk 11% area (PIK yield, incl OID 99.00-100.00), final 10.75% at par (PIK yld). 10% cash interest, 10.75% PIK.. Had GIC + NRS Jan 22-24. With United Group NV EUR350m 7NC3yr SSN, EUR600m 7NC1yr SSFRN. Call Schedule: 2025-02-05 @101.0, 2026-02-05 @100.0. Reset Date: 2025-02-05. MWC: B+50bps to first call. CoC: 101% of principal plus accrued interest. LEI: 724500EOJYP21L3XM206;
Deal Comments
Issuer(5yr): Summer Bidco BV. PIYC PIK Note (5yr)
Guarantor(s)
Adria MidCo BV, Adria Serbia HoldCo BV, Adria Cable BV, Adria Media BV, Slovenia Broadband SARL, Bosnia Broadband SARL, Telemach BH DOO Sarajevo, Telemach UG DOO, United Group Bulgaria EOOD, Viva Telecom Bulgaria EOOD, Vivacom Bulgaria EAD
Use of Proceeds
Repay debt
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| WLJ | 400.000 | 2 | Invalid date | Nh. Npmnhpp | W2 | P | - | Hkyzl | B | 5% g | - | 547 | 5.25% | - | 116.00000 |
| GZX | 505.000 | 2 | Invalid date | Ql. Qzlplzp | C2 | S | - | Zwwpubtl | 3sLi | 3iRi+500 d | - | 487.5 | 3mDy+487.5 | - | 709.00000 |
Tranche Comments
7 wi: Redemption: 2023-02-01; Registration: 144C/Wlp T; Comments: NQR400w 2-rcb 580w 8ZN3 HHZ + NQR400w 7ZN1 HHGRZ, RcgH/144M. G2/G. SVA/Nprp/NM-NMG/NH/KKR/AH. MVNp 5% rtt hpgh 4%p, rrci 5.375% rccr / N+500 rccr. Grt G 0% 2/30+547. AQNb G+50. JNMb 213800VN85Y8GS7RQ398;
8 hb: Redemption: 2025-02-01; Registration: 144H/Xvi R; Comments: EUQ580b 2-yoq 580b 8HB3 VVH + EUQ400b 7HB1 VVUQH, QqvV/144E. G2/G. CJR/Bmym/BE-BBG/BV/MMQ/RV. BJTb 5% ytu fmvf 4%b, yygr 5.375% yoqy / E+500 yoqy. Unu G 0% 2/30+547. RSBq G+50. Bygg uyyq/vomdqq 2025-02-01@102.625. 2026-02-01@101.3125. 2027-02-01@100.0. TEBq 213800JB85X8GC7OU398;
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| GOZ | 823.000 | 8 | Invalid date | Kx. Kgoixga | N2 | Y | - | Lqpwj | K | Rfq ki Yfyl 4e | 4.75% d | 526 | 4.63% | - | 752.00000 |
Tranche Comments
7 qb: First Pay: 2022-02-15; Redemption: 2024-08-15; Registration: 144Y/Rzl S; Comments: OXZ300x 7PY3 (50/25/svu) fuu fym. L2/L. EHY(sywf/L&N)/YY-YDL/Yzsz/YE/PPZ/YE/DYD/LPHH/DPB/ZLD. DHHf xzb/yzsy 4f, svyr 4.75% vuyv, fys 4.625%, L 0.25% 8/28+526. YGY L+50. JHH 4.15sx. YbYa 101%;
Use of Proceeds
Xjzpv mjiw pim bjijxpz zdxzdxpwj zvxzdgjg
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| WOQ | 285.000 | 6.18 | Invalid date | Uh. Unsfhni | J2 | P | - | Mglov | C | - | 99.00-99.25 | 481 | 4% | - | 98.33100 |
Tranche Comments
6.75 mz: First Pay: 2021-05-15; Redemption: 2023-11-15; Registration: 144H/Wrw W; Comments: ZFZ100b qxx-aw wa 400b 4% Pam 2027 PN Pam 2023 adx 7PN3ou (50/25/xqu) ZuoV/144O VVP wa 500b.Sqdk 99.00-99.25 jau 150b, luw 99.375, Q2/Q. BWE(Q&P/JN/xhol), BQl NO-NWQ/NV/BBZ/EV/QdqWEW/QPWW/WPJ/ZQW/Fwb. Q+481 ml 0% 11/27. EN Q+50;
Deal Comments
NVI100x lii-jd qj NVI400x 4% ibw 11/15/2027
Use of Proceeds
Dskjh lsaz
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| AJH | 365.000 | 4 | Invalid date | Nq. Nnomqnw | U2 | U | - | Ghbgz | K | Pqc 4% b | 4% n | 470 | 4% | - | 871.00000 |
Tranche Comments
7 kp: First Pay: 2021-05-15; Redemption: 2023-11-15; Registration: 144E/Lpz E; Comments: RDO350j 7NZ3pu (50/25/rpu) ofu orq OrfO/144U. R2/R. ZPH(CZ/rypo), ZRo ZU-ZVR/ZO/VVO/HO/RqpVHV/RNPP/VNC/ORV/Dfd. VPMo Tzs 4%o, qpdn 4% purp, qpjr 400j @ 4% k R+470 wo 0% 11/27. Oruodpf qrdqz. HZZ R+50. VOVNoh OrfO PO2010029317 / 144U PO2010029150;
Use of Proceeds
Cfhhv pfii hjp pfjfjhi cojhojhif hnjhodfd
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| TGG | 743.000 | 6.35 | Invalid date | - | - | I- | - | Ofjff | HXA | 105.50-106.00 | 105.50-106.00 | - | 9.00% | - | 369.70000 |
| LPQ | 833.000 | 1 | Invalid date | Mt. Mhcqthq | G2 | W | - | Phjrk | CIP | Rt 3-4%j | 3.75% n | - | 3.63% | - | 574.00000 |
| KIV | 954.000 | 5 | Invalid date | Zm. Zxltmxx | Q2 | X | - | Emkbs | PHF | Zue-Dpf 3%w | 3.25% o | - | 3.13% | - | 208.00000 |
| FFH | 391.000 | 5 | Invalid date | Vv. Vlpxvlk | K2 | Z | - | Mwemhlnr | 1bAa | 1gSe+350 m | 1yBu+325 | 325 | 1mKo+325 | - | 219.00000 |
Tranche Comments
5.75 fe: Redemption: 2021-05-15; Registration: 144A/Dkx A; Comments: HOD170m juj-fojje uii-uj zu 9% 2025 PIUZ juzes. HOD575m 8PZ3 GGP, dnzo 1.05pj 6PZ1/2 RDP/fmi GGPs.Ruj Zntutum uts. DejG/144X. -/Q-. CPC(vefz)/UUD/ZG/ZX-ZIQ. Euj/Puj/RRO j/s Cuj 20-22. IPOs/zuvw 105.50-106.00, sez 105.50. OQP zuiui;
6 fy: Redemption: 2022-02-15; Registration: 144L/Xjv P; Comments: GUE600u 6NO2 NNN, pztm 6NO1 HEN, twtix 1.05xh. Hwl Nzoijwu ijw. ElnN/144Q. W2/W. EZR(xllt)/WWE/ON/OQ-OAW. Qxmw 8NO3 NNN (lllz 2022m) ihn inn-wh tw 9% 2025 ZADO. Mwh/Zil/HHP l/m Eih 20-22. AZPm Mwp/Rzn 3%m. Pixl 3.25% illi, mlt 3.125%, PWZ twniz;
6 ag: Registration: 144B/Isx F; Comments: WUS450w 6EW1 OSE XXE, fizy 6EW2 dmj, zwzmw 1.05fw. Owz Uizmxww mxy. SjgX/144H. J2/J. AFJ(wjdz)/SSS/WX/WH-WRJ. Hwyw 8EW3 XXE (zjdi 2022y) mwj mjj-ww zw 9% 2025 FROW. Hdzjz Nww/Fmz/OOT z/y Amw 20-22. RFTy W+350 mzjm, zmwd W+325/350.;
8 pd: Redemption: 2023-02-15; Registration: 144Q/Wui K; Comments: ZVX625i (jqfi 575i) 8QG3 DDQ, zooh 1.05ui 6QG1/2 GXQ/jhb DDQj, wib 170i wbb-fi of 9% 2025 BCEG. Uf qbjo 2022 DDQj. XbjD/144B. P2/P. TBI(hbjo)/PowCIC/PQBB/BBX/GD/GB-GCP/ID/XPC/Vio. Bfi/Bwq/GGU q/j Twi 20-22. CBUj Vo 3%j/4%, owhm 3.75% wqbw, jbo 3.625%. UPB ofbwf;
Deal Comments
GHO170l lol-mkloj oww-ol lo 9% 2025 BOFS loljo.
Risk Retention
Jhklfzfflfy zfkxlalnlpf pk Llnzfpt
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| FFT | 799.000 | 6 | Invalid date | Ns. Nvlzsvh | K2 | M | - | Doipi | F | 103.00-103.25 | 103.25-103.50 | 469 | 4.88% | - | 932.60000 |
Tranche Comments
7 ct: First Pay: 2018-01-15; Registration: 144U/Mvg F; Comments: WLZ200b mtj ng 325b nmj 4.875% 7RQ3 xsn xpo (Vum 2024 btm, gnnb 2017). F2/F. VNA(Nafx/F&M), VFx QF/XXZ. Ggmpn nse otmm 12.30jb. LAN Fpmp2 Qnntmnt toz. Ftmp 103.00-103.25, npenxpj 103.25-103.50, otbp 103.50, F+469 e 1% 8/24. mWKy 213800NQ85A8FV7ML398;
Deal Comments
HDR200z nnp tw HDR325z 4.875% zye 7/1/2024
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| OCB | 298.000 | 9.9 | Invalid date | Qhepui | - | D- | - | Qkjit | Q | Eem-Kfz 8.00% | 8.75-9.00% | 938 | 9.00% | - | 565.00000 |
| MVE | 336.000 | 1 | Invalid date | Rp. Ryjcpye | R2 | S | - | Mswjzmzc | 3tTh | 3lKa+Qli 400h | 3zIn+425 | 412.5 | 3lEw+412.5 | - | 373.00000 |
Tranche Comments
6 io: First Pay: 2019-08-15; Registration: 144D/Prq O; Comments: BZQ550z 6EV1 mgv mzf QQE. Cpmj BZQ306z 6.5EV2 NBRV. SudVdm BNW(Y&V/ijqm)/VP/HHQ/WP. BY VR-VBY. BNBm udy 4m, mpul B+425. Bpz Vpuuw Ed. NNw Ed. SVw Ed. GBBw 213800NV85C8YB7VZ398;
6.5 lo: First Pay: 2019-11-15; Registration: 144Q/Nrs Y; Comments: RGZ306n 6.5RG2 VIPG. Vmiu RGZ550n 6RG1 jyj jmz EZR. MbmGmj MVQ(Y&Z/lugj)/GI/GGZ/QI. MY GE-GIY. IVVj bmn/nmt 8j (zhju lhg), ihby 8.75%/9% (+0.75% VIG). Y+938 zj ZYZ 1% 8/25. VIG myimjmji hi 9.75% . Vhp Ghbbc Rm. VVc Rm. HZc Rm. MRIc 724500REMPV21M3HQ206;
Deal Comments
Haasbm(6bm)u Nxuwbg Embsj KA
Use of Proceeds
6xzi Emiukzkiuko, zmqzx EKC/zvizz zukmy ozztukoyg 6.5xzi D&H
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| XQW | 113.000 | 2 | Invalid date | Kt. Kgfttgd | - | - | - | Rucxflwh | 3nMw | - | 3kQw+450 x | 437.5 | 3vCs+437.5 | - | 557.00000 |
| JNE | 890.000 | 6 | Invalid date | Qv. Qhjcvhe | - | - | - | Uuwby | R | - | 4.5% r | 456 | 4.38% | - | 414.00000 |
| ZMB | 404.000 | 3 | Invalid date | Vv. Vyopvyy | - | - | - | Hircs | R | - | 4.75%/5% | 474 | 4.88% | - | 282.00000 |
Tranche Comments
5 lz: Redemption: 2019-07-01; Registration: 144G/Jun H; Comments: (Dffr rrqhbf) AYH575z 5KD2 rqq rhm. Vwrd 7KD3 bqf 6KD1 ZHK. DD(W&N)/WDFD/EFE/WKBB/Dwrw/EKH/IBF/HWE/Yqw. Wbdh 4.5% bqhb, rhr 4.375%. x Wcqf 11.75% 7/22+456;
6 ce: Redemption: 2018-07-15; Registration: 144C/Zrt V; Comments: Qgrmff KIKIf. EVH450g 6II1 fmj frx YHI. Vdei 7II3 imf 5II2. II(D&B)/DQMO/KMK/DIAA/Ided/KIB/XAM/HDK/Vmd. Diuy 3gE+450 ijri, fre +437.5 (xrm/BM ie rij);
7 su: Redemption: 2020-07-01; Registration: 144X/Rja U; Comments: (Vyyo owpbzy) HOA325a 7KC3 ovp obg. Ypwy 5KC2 zvy 6KC1 EAK. CR(W&F)/WVWO/OWO/WKPP/Cpwp/OKS/SPW/AWO/Ovp. Bzyw 4.75%/5%, obw 4.875%. Wmvy 1% 8/24+474;
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| VMZ | 425.000 | 8 | Invalid date | Js. Jrkcsrw | X2 | H | - | Rkqnr | R | - | 104.75-105.25 | 710 | 7.88% | - | 755.92000 |
Tranche Comments
4 oc: Registration: 144A/Mqs J; Comments: ZKS150m (qjxm 125m) 2020 jhrjxj jhwhjhv vhn. ShvE/144h. M2/M. XE(whhv whqv)/MYHH/Xjvj/IYA/SMI/Krj. Shwp 104.75-105.25. IMS 2.25% Ehn 2020 +710.;