7 yr: Registration: Reg S Only; Comments: EUR500m snr fxd 7yr 8SEP23 IPTs 4.25-4.375% yld, final 3.75%. Also 4.5yr. Had r/s from 29 Aug. Via IMI, BNPP, CITI, GS, JPM, Medio, UNI. Ba1/BB+. Total bks >6bn (even split). Came 3.75% at par / MS+373.2 / Bund 2% 8/23+417.2 @117.10. MWC B+60.;
Guarantor(s)
Saipem (Portugal) - Comrcio Martimo, Sociedade Unipessoal Lda. (Zona Franca da Madeira), Saipem SA, Sofresid SA, Saipem Limited, Saipem Canada Inc., Saipem Do Brasil Servios De Petrleo LTDA, Saipem America INC., Petrex S.A., Saimexicana, S.A. de C.V., Sai