| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 350.000 | 5 | Apr-27 | Sr. Unsecured | Baa1 | BBB+ | A- | Fixed | Tsy | T+195 a | T+195 | 195 | 4.74% | - | 100.00000 |
| USD | 300.000 | 10 | Apr-32 | Sr. Unsecured | Baa1 | BBB+ | A- | Fixed | Tsy | T+235 a | T+235 | 235 | 5.14% | - | 100.00000 |
Tranche Comments
5 yr: Book size: 450; First Pay: 2022-10-14; Registration: 144A/Reg S; Comments: US$350m 4.743% cpn 5yr at 100.00, yld 4.743%. T+195bp. MWC T+30bp. CoC: 101%. Par Call: 1m;
10 yr: Book size: 375; First Pay: 2022-10-14; Registration: 144A/Reg S; Comments: US$300m 5.14% cpn 10yr at 100.00, yld 5.14%. T+235bp. MWC T+35bp. CoC: 101%. Par Call: 3m;
Deal Comments
Bayport Polymers LLC (Baystar) is a joint venture between TotalEnergies Petrochemicals & Refining USA, Inc. (TPRI),Borealis that was formed in 2019.
Use of Proceeds
Repay outstanding amounts and general corporate purposes