5 yr: First Pay: 2024-01-01; Redemption: 2025-07-01; Registration: 144A/Reg S; Comments: EUR375m (upsized from EUR300m) 5NC2 snr sec RegS/144A. Ba3/NR/BB+. GloCo/JBs Citi/GS/ING/JPM(B&D). Passives Santan/Lloyds/Pekao/RBI/Barc. IPTs high 7% area, price talk 7.5% area for 375m, launch 7.25%. final B+470 bps vs. OBL 2.4% due October 19, 2028. Reconfirm orders by 4:30pm. Call Schedule: 2025-07-01 @103.625, 2026-07-01 @101.813, 2027-07-01 @100.0. CoC: 101%. MWC: T+50. Equity Claw Back: Up to 40% at 107.250% prior to July 1, 2025;