| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 1,500.000 | 10 | Aug-32 | Sr. Secured | A1 | - | A | Fixed | Tsy | T+240 a | T+210 a | 200 | 5.78% | 10 | 100.00000 |
| USD | 1,500.000 | 15 | Feb-38 | Sr. Secured | A1 | - | A | Fixed | Tsy | T+275 a | T+255 a | 245 | 6.13% | 10 | 100.00000 |
| USD | 1,500.000 | 19 | Feb-42 | Sr. Secured | A1 | - | A | Fixed | Tsy | T+305 a | T+285 a | 275 | 6.51% | 10 | 100.00000 |
Tranche Comments
10 yr: Registration: 144A/Reg S; Comments: USD1.5bn 10yr (c 7.5yr WAL) bmk snr sec sukuk RegS/144A. Part of 3-tr. A1/NR/A. GloCos BNPP/HSBC(B&D)/JPM. Others in ticket. IPTs CT7 +240 area, guidance T+210 area, launch T+200 for 1.5bn. Combined books subj 20bn+ ex JLM. T 3 ½ 01/31/30 at 98-09+ / 3. Avg Life: 7.5;
15 yr: Registration: 144A/Reg S; Comments: USD1.5bn bmk 3-tr amortising snr unsec RegS/144A. Sukuk in separate ticket. A1/NR/A. GloCos BNPP(B&D Formosa)/HSBC/JPM(B&D 15yr). Others in ticket. IPTs c.15yr (c. 12yr WAL) T+275 area. Guidance T+255 area. Launch T+245 for 1.5bn. Combined books subj 20bn+. T 4 ⅛ 11/15/32 at 103-20 / 3.679% (HR 102%). T 3 08/15/52 at 86-16+ / 3.760% (HR 65%). Avg Life: 12.3;
19 yr: Registration: 144A/Reg S; Comments: USD1.5bn bmk 3-tr amortising snr unsec RegS/144A. Sukuk in separate ticket. A1/NR/A. GloCos BNPP(B&D Formosa)/HSBC/JPM(B&D 15yr). Others in ticket. IPTs c.19yr (c. 18yr WAL) Formosa T+305 area. Guidance T+285 area. Launch T+275 for 1.5bn. Combined books subj 20bn+. T 4 ⅛ 11/15/32 at 103-20 / 3.679% (HR 102%). T 3 08/15/52 at 86-16+ / 3.760% (HR 65%). Avg Life: 17.8;
Deal Comments
TMS Issuer Sarl (10yr). Sukuk Bond (10yr). Formosa Bond (19yr). Active Bookrunners: BNP(B&D) (19yr), HSB(B&D) (10yr), JPMB&D) (15yr), CTI, FAB, MUF, SMB. Passive Bookrunners: 10yr/15yr: ADC, BAM, CAG, MIZ, SOC, STC; 10yr only: ALJ, ARJ, GIB, SNB