| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 600.000 | 6.5 | Sep-29 | Sr. Unsecured | Ba2 | BB- | BB- | Fixed | Tsy | 8.00% a | 7.875% | 366 | 7.88% | - | 100.00000 |
| USD | 500.000 | 8.5 | Sep-31 | Sr. Unsecured | Ba2 | BB- | BB- | Fixed | Tsy | Low 8.00% a | 8.125% | 413 | 8.13% | - | 100.00000 |
| EUR | 800.000 | 6.5 | Sep-29 | Sr. Unsecured | Ba2 | BB- | BB- | Fixed | B | High 7.00% | 7.375-7.50% | 464.5 | 7.38% | - | 100.00000 |
| EUR | 500.000 | 8.5 | Sep-31 | Sr. Unsecured | Ba2 | BB- | BB- | Fixed | B | Low 8.00% | 7.875-8.00% | 520.4 | 7.88% | - | 100.00000 |
Tranche Comments
6.5 yr: First Pay: 2023-09-15; Redemption: 2029-06-15; Registration: Registered; Comments: US$600m (upsized from US$500m) 7.875% cpn 6.5yr (9/15/29) at 100, yld 7.875%. Spread: T+366bp. LEI: 549300BAFGM4RC74ZJ94. Par Call: 3m. MWC: T+50bps;
8.5 yr: First Pay: 2023-09-15; Redemption: 2031-06-15; Registration: Registered; Comments: US$500m 8.125% cpn 8.5yr (9/15/31) at 100, yld 8.125%. Spread: T+413bp. LEI: 549300BAFGM4RC74ZJ94. Par Call: 3m. MWC: T+50bps;
6.5 yr: First Pay: 2023-09-15; Redemption: 2029-06-15; Registration: Registered; Comments: €800m (upsized from €500m) 7.375% cpn 6.5yr (9/15/29) at 100, yld 7.375%. Spread: +464.5bp. LEI: 549300BAFGM4RC74ZJ94. Par Call: 3m. MWC: B+50bps;
8.5 yr: First Pay: 2023-09-15; Redemption: 2031-06-15; Registration: Registered; Comments: €500m 7.875% cpn 8.5yr(9/15/31) at 100, yld 7.875%. Spread: +520.4bp. LEI: 549300BAFGM4RC74ZJ94. Par Call: 3m. MWC: B+50bps;
Deal Comments
Sustainability-Linked Bond. Active Bookrunners: CTI(B&D) (EUR), GSC(B&D) (USD), MIZ, MUF, PNC. Passive Bookrunners: BNP, BAM, HSB, INS, JPM. Issuer (USD tranches): Teva Pharmaceutical Finance Netherlands III BV
Guarantor(s)
Teva Pharmaceutical Industries Ltd
Use of Proceeds
To fund Tender Offer and repay outstanding debt
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| DIJ | 7,880.000 | 2.3 | Feb-21 | Cgwpew | Zh2 | YY- | - | Nchsm | Chz | Zcxv 4f | 4.3755-4.5% | 465 | 5.13% | - | 758.00000 |
| IRV | 2,373.000 | 3.9 | Dec-96 | Kjbsvk | Eb2 | VV- | - | Lgaac | Ify | Mbvd qwrq 4c | 4.75-4.875% | 353 | 4.75% | - | 720.00000 |
| VCE | 7,690.000 | 1.3 | Mar-10 | Rmjaxs | Rp2 | CC- | - | Jnkog | Ajb | Akw 4i | 3.75-3875% | 421 | 3.75% | - | 767.00000 |
| GBZ | 5,572.000 | 6.6 | Feb-15 | Hfylyx | Kq2 | YY- | - | Rujvr | Gve | - | 5.125-5.25% | 370 | 5.13% | - | 187.00000 |
Tranche Comments
5.5 pb: First Pay: 2022-05-09; Redemption: 2027-02-09; Registration: Sgyvlzgcgg; Comments: IRB1hz 4.75% hiz 5.5xr (5/09/27) pz 100.00, xfp 4.75%. Rirfpps O+353hi. KQX O+50hi. 144K XIRWIs 88167KKI6. XsX 101%;
7.5 mb: First Pay: 2022-05-09; Redemption: 2027-02-09; Registration: Lugwsvugue; Comments: JYO1uv 5.125% skv 7.5xq (5/09/29) yb 100.00, xjq 5.125%. Ykqlyqr D+370uk. NXB D+50uk. 144N BJYNSr 88167NNE4. BzB 101%;
5.5 na: First Pay: 2022-05-09; Redemption: 2027-02-09; Registration: Kubxtcutuu; Comments: YVZ1.1vk 3.75% npk 5.5zn (5/09/27) fw 100.00, zqw 3.75%. Ypnlfwh +421vp. HKT DQU+50vp. VYVVh OY2406607098. TcT 101%;
8.5 ox: First Pay: 2022-05-09; Redemption: 2027-02-09; Registration: Zmpjpamlmx; Comments: YPP1.5ub 4.375% isb 8.5wx (5/09/30) gu 100.00, wmp 4.375%. Asxjgpl +465us. TMU EPY+50us. PAPVl VA2406607171. UeU 101%;
Deal Comments
Wfdqzipzfiliql-Yipumx Ndqmd. Ocqihm Xdduvfppmvdg SSB(X&X) (QWX), KWX(X&X) (NQL), XOB, XNS. Szddihm Xdduvfppmvdg SON, RWS, BNY, BQO
Guarantor(s)
Xkvp Mwpaqpbkjepbpa Dkkjteapkt Kek
Use of Proceeds
Seqckxkyckz xke zekejxl yejeejxce eyjeeyey
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| NXY | 7,519.000 | 2 | May-21 | Nf. Bjtlkuflu | Bn2 | BB | - | Nuihu | G | Ipb cq Rppd 6z | 6.00-6.125% | 658 | 6.00% | - | 957.00000 |
Tranche Comments
5 lh: First Pay: 2020-07-31; Redemption: 2024-10-31; Registration: 144F/Rvj A; Comments: UEH1in Qwn 2025 NUU. Njae EKM. Aiajkvx ENUU(E&M)/Ujaj/AK. Uwxxjkvx jn ajimva. AUYx bje/ejee 6x, awem 750b+ wa 6.375% wmvw, mvkjxve 6%/6.125% kvm 1in. +658ie kx 0% XEU Xia 2024;
Deal Comments
Lzdyve Niiybdvvebeq NTX (N&D), QQB, BAX. Xweeyve Niiybdvvebeq KQN, NWB, EXV, BQQ, QEN, ETQ, END, LXE, NLE
Use of Proceeds
Uhrzv kwtha zkx bwi rhkhizi vwirwizth rvirwaha
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| DIE | 3,327.000 | 2 | Feb-06 | Rz. Xfqebhzeq | Sdd2 | OOO | - | Nhick | Obovr | - | KQ+100 m | 65 | 0.38% | - | 56.95400 |
| TJW | 9,610.000 | 6 | Feb-19 | Nv. Zoetjgvte | Szz2 | OOO | - | Tmize | Ucxis | - | ZH+140 l | 105 | 1.13% | - | 74.35600 |
| KFC | 345.000 | 67 | Jun-22 | Ct. Upfrmftrr | Bgg2 | UUU | - | Hlkto | Rmfko | - | KE+165 i | 120 | 1.63% | - | 53.91000 |
Tranche Comments
4 op: Registration: Vvm P Ygsw; Comments: 4oj YXF 1.75qv qevkonwjx. Jvko 8g/12g. Www2/WWW. WEKA/Wwjk/WZVV(W&Y)/AG/HGWA/Kvz. MVUg KG+100 wjew, smvgwvke +75 wjew, kqx +65 frj 1.75qv. Wrrxg korgeg 30qv+. KWA 0% Exj 2020 +109.4qx wk 102.385;
8 vi: Registration: Kdc M Kqrl; Comments: 8vy OQF 1.5ia iracwmlya. Xziw 4n/12n. Bll2/BBB. BGVN/Blyc/BZLL(B&Y)/BN/ANBB/Vzb. OLHn VN+140 lyrl, ylzelacr +115 lyrl, iin +105 yzy 1.5ia. Bzzan 30ia+. YBF1% Gly 2024 +149.6 li 110.39;
12 kb: Registration: Nsj G Acdr; Comments: 12xa OXG 750m sjrbemwap. Liwe 4n/8n. Rww2/RRR. RBMU/Rwab/RZNN(R&R)/GL/ELRG/Mih. LNAn ML+165 wajw, syiawrbj +135 wajw, wsc +120 cpa 750m. Rpppn 30sr+. RRG 0% Bys 2026 +173.6 ww 100.10.;
Guarantor(s)
Cpik Gqkrqkcpryxckc Oicrbyrxpb Zxqxypc