| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 600.000 | 8 | Jul-29 | Sr. Unsecured | B2 | B+ | - | Fixed | Tsy | 5% a | 4.75-5.00% | 332 | 4.63% | - | 100.00000 |
Tranche Comments
8 yr: Redemption: 2024-07-15; Registration: 144A/Reg S; Comments: US$600m(upsized from US$500m) 4.625% cpn 8-year(07/15/2029) at 100.00, yld 4.625%. Spread: T+332bp. MWC T+50bp. Call Schedule: 07/15/2024 102.313, 07/15/2025 101.156, 07/15/2026 and thereafter 100.00. Cusip 144a: 926400AA0. Settlement: 7/15/21;
Use of Proceeds
To fund a portion of a cash payment to L Brands as Victoria Secret is spun off as a separate business