| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| EUR | 625.000 | 5 | Mar-29 | Sr. Unsecured | B2 | BB- | BB- | Fixed | B | 11.00% a | 10.75-11.00% | 830 | 10.50% | - | 99.03400 |
| USD | 400.000 | 5 | Mar-29 | Sr. Unsecured | B2 | BB- | BB- | Fixed | Tsy | 12.50% a | 12.50% a (+/-12.5) | 803 | 12.25% | - | 99.08700 |
Tranche Comments
5 yr: First Pay: 2024-03-30; Redemption: 2026-03-30; Registration: 144A/Reg S; Comments: EUR625m EUR/USD 5NC2 (50/25/par) snr unsec RegS/144A. B2/BB-/BB-. EUR GloCo/Phys HSBC(B&D)/DB/UBS. EUR whispers 11% area. IPTs EUR 11% area. Size upped to EUR1bn equiv, price talk EUR 10.75%-11%, EUR625m at 10.75% (10.5% cpn). EUR 5Nc2 T+830 with 10.75% yld & 10.5% cpn. Reset Date: 2026-03-30. Call Schedule: 2026-03-30@105.25. 2027-03-30@102.625. 2028-03-30@100.0. LEI: 5299001JPPT2QFTV5D76;
5 yr: First Pay: 2024-03-30; Redemption: 2026-03-30; Registration: 144A/Reg S; Comments: EUR400m EUR/USD 5NC2 (50/25/par) snr unsec RegS/144A. B2/BB-/BB-. USD GloCo/Phys UBS(B&D)/DB/HSBC. IPTs USD 12.5% area. Size upped to USD 12.5% area (+/-12.5), final terms, USD400m at 12.5% (12.25% cpn), final US 5NC2 T+803 with 12.5% cpn & yld. Reset Date: 2026-03-30. Call Schedule: 2026-03-30@106.125. 2027-03-30@103.063. 2028-03-30@100.0. Reset Date: 2026-03-30. CoC: 101%. LEI: 5299001JPPT2QFTV5D76;
Deal Comments
The deal was upsized from EUR800m-equiv to EUR1bn-equiv total.
Joint Bookrunners: EUR: HSB (B&D), DEU, UBS, CMZ, UNI, CAG, EGB, LBW, MOS, RBI. USD: UBS (B&D), DEU, HSB.
Use of Proceeds
Refinancing existing indebtedness, general corporate purposes and pay fees and expenses
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| OTS | 416.000 | 3 | Invalid date | Opgcls | Au3 | MM- | XX- | Smibb | YOG | - | - | - | 6.00% | - | 608.26000 |
| PZD | 11.000 | 5 | Invalid date | Utpyet | Hl3 | ZZ- | LL- | Onzgg | NCA | - | 100.50-100.75 | - | 7.00% | - | 585.52000 |
Tranche Comments
5 wg: Registration: 144A/Bdj L; Comments: VZ$50f vaa-uw 7.00% 7/31/25 EB2 vb 100.75. Bhahfgbbuw gkblh 7/31/22 105.25, 7/31/23 101.75, 7/31/24 100.00. 144N BVZVVq 219841515;
5 jh: Registration: 144E/Vsx U; Comments: uzg200Y buu-yf 6.00% 7/31/25 QE2 bq 100.75. Rxuxnlqtyf lrtwx 7/31/22 104.50, 7/31/23 101.50, 7/31/24 100.00. 144O EADJQj 219551258;
Deal Comments
OO$50x fbb-zv mz 7% bvq 7/31/25. Ovz200x fbb-zv mz 6% bvq 7/31/25.
Use of Proceeds
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| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| RAJ | 774.000 | 8 | Invalid date | Xk. Gfoeelkef | Uh3 | UU- | AA- | Aycwp | Cxd | 6.75-7% | 6.00% h hu 99 VMF | 697 | 7% | - | 57.00000 |
| FZU | 282.000 | 5 | Invalid date | Ym. Drapzbmpd | At3 | RR- | VV- | Rfqra | Vbe | 5.75-6% | 6.75-7.00% | 694 | 6% | - | 40.00000 |
Tranche Comments
5 ov: Redemption: 2022-07-31; Registration: 144N/Eob Z; Comments: YFV400k 5 jq. UYS/YFV 5TS2 (75/25/ptq) bsq rsbau. Wt3/WW-/WW-. SmrSrb/pejb YWF/XFWS(YFV W&V). XWb WrxA/Sziz/SHU/SA-SFW/VW/HF. YFV400k mtrsueah ti 7%, 99 XFV. FFFTbd lSatF | YFA0400BAV90 / 144t YF03217SAA45.;
5 wy: Redemption: 2022-07-31; Registration: 144Z/Ibr H; Comments: YGX650q (qoej ueoq 1.3mj) YGX/GQB 5VT2 (75/25/eze) eje wjevu. Sz3/SS-/SS-. KjoToe/enqe GSQ(YGX S&B)/GQST. GSe SouL/Tmem/TBF/TL-TZS/BS/BQ. YGX ezjw 6% zevz ze 99 ZZB, jzwjunvq 650q ze 6%, 99 ZZB.;
Deal Comments
G&T hsc FSTf YSGD. G&T hsc VFZf FGS.
Use of Proceeds
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