| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 500.000 | 5 | Jan-26 | - | B2 | B+ | BB- | Fixed | Tsy | 4% a | 3.5% a | 293 | 3.38% | - | 100.00000 |
| EUR | 800.000 | 5 | Jan-26 | - | B2 | B+ | BB- | Fixed | B | 3-3.25% | 2.5-2.75% | 322 | 2.50% | - | 100.00000 |
| EUR | 500.000 | 5.5 | Jul-26 | - | B2 | B+ | BB- | Fixed | B | Mid 4%s | 4-4.25% | 446 | 3.75% | - | 100.00000 |
Tranche Comments
5 yr: Redemption: 2023-01-15; Registration: 144A/Reg S; Comments: USD500m 5NC2 (50/25/par) SSN 144A/RegS w/o reg rights. Part of €1.7bn $/€ SSN, €500m SN. Ba3/BB/BB+. IPTs 4% area revised 3.75% area, talk 3.5% area for 500m, came 3.375% / T+293. MWC T+50;
5 yr: Redemption: 2023-01-15; Registration: 144A/Reg S; Comments: EUR800m 5NC2 (50/25/par) SSN 144A/RegS w/o reg rights. Part of €1.2bn $/€ SSN, €500m SN. Ba3/BB/BB+. IPTs 3%/3.25% revised 2.75%/3%, talk 2.5%/2.75% for 800m. Came 2.5% / B+322. MWC B+50;
5.5 yr: Redemption: 2023-01-15; Registration: 144A/Reg S; Comments: EUR500m 5.5NC2 (50/25/par) SN 144A/RegS w/o reg rights. With €1.7bn $/€ SSN. B2/B+/BB-. IPTs mid 4s revised 4%/4.25%, talk 4%/4.25% for 500, came 3.75%, B+446. MWC B+50;
Deal Comments
5yr: INEOS Quattro Finance 2 Plc; 5.5yr: INEOS Quattro Finance 1 Plc. Joint Bookrunners: CTI(B&D) (USD), BRC(B&D) (EUR), HSB, JPM, BNP, GSC, ABN, BAM, CMZ, CAG, CSG, DEU, FTB, ICB, ING, INS(EUR), LLY, MIZ, MOS, NTW, SNT