IFR Magazine – June 08, 2019

BONDS SUMMARY DETAILS

Pricing steps NIP (bp) Book size Ratings Bookrunners Distribution

T+130 area,

T+110 (+/-3)

0 U$2.25bn A3/A-/A- BAML/DB/JPM/STRH/USB -

T+105 area,

T+95 (+/-3)

6 U$500m -/A/A Citi/JPM/WFS -

MS+135/140,

MS+120 (+/-2)

10 >€1.6bn Baa1/BBB+ BAML/BNPP/Lloyds -

MS+110 area,

MS+85 (+/-2)

3 >€4.1bn A3/A- BBVA/Danske/JPM/SG Fr 35%, UK/Ire 26.2%, Ger/Aus/Switz

17.4%, Benelux 12.1%, Nordics 4.4%,

S.Eur 3.2%, Other 1.7%. FM 51.6%, Ins/

PF 29.6%, CB/OI 8.6%, Bks/PB 8.3%,

Other 1.9%.

MS+115/120,

MS+95 (+/-3)

5 >€3.4bn -/A- GCs CA-CIB/SG, (a)ING/MUFG, (p)

ABN/BNPP/CM-CIC

Ger/Aus 30%, Fr 29%, UK/Ire 15%,

Benelux 12%, S.Eur 6%, Nordics 4%,

Switz 3%, Other 1%. AM 68%, Ins/PF

22%, Bks/PB 6%, SSA 3%, Other 1%.

MS+85/90,

MS+75 (+/-2)

15 ~€1.25bn A1/A+ BNPP/JPM/MS/NatWest -

MS+60 area,

MS+40 area

5 ~€2bn Baa2/BBB BAML/BNPP/CA-CIB/Citi/CM-CIC/

HSBC/Natx/SG

• 
  

MS+90 area,

MS+70/75

7 ~€1.9bn Baa2/BBB BAML/BNPP/CA-CIB/Citi/CM-CIC/

HSBC/Natx/SG

• 
  

MS+120 area,

MS+100/105

8 ~€1.5bn Baa2/BBB BAML/BNPP/CA-CIB/Citi/CM-CIC/

HSBC/Natx/SG

• 
  

3.375% area,

2.875%/3%,

2.75%

0 >€3.2bn Ba1/BBB- BNPP/Citi/Natx -

MS+65/70,

MS+50 area

-2 ~€5.5bn combined A/A+ DB/GS/HSBC/ING/Uni -

MS+100/105,

MS+80 area

0 ~€5.5bn combined A/A+ DB/GS/HSBC/ING/Uni -

MS+110 area,

MS+90/95

12 >€2bn A2/A/A Barc/BNPP/CA-CIB/DB/HSBC -

MS+110 area,

MS+85/90

0 €2.bn Baa2/BBB+ GCs BNPP/BAML/Citi/HSBC/JPM,

CM
CIC/CMZ/DB/Miz/MUFG/Natx/

SG/StCh(a)

• 
  

MS+140 area,

MS+115/120

0 €2.4bn Baa2/BBB+ GCs BNPP/BAML/Citi/HSBC/JPM,

CM
CIC/CMZ/DB/Miz/MUFG/Natx/

SG/StCh(a)

• 
  

MS+170 area,

MS+145/150

0 €3.1bn Baa2/BBB+ GCs BNPP/BAML/Citi/HSBC/JPM,

CM
CIC/CMZ/DB/Miz/MUFG/Natx/

SG/StCh(a)

• 
  

MS+225 area 15-20 ~€1.1bn Baa3/BBB-/BBB GCs HSBC/SMBCNikko, JBs CA-CIB/

IMI/SG

• 
  

G+100/105,

G+90 area

14 ~£1bn A1/A+ BNPP/JPM/MS/NatWest -

MS+42/50,

MS+45/48

2 >SFr100m, 46acs CS low A/ZKB A/

fedafin Baa+

CS/ZKB Switz 100%. Ins 38%, PB 27%, AM 24%,

PF 11%.

MS+105/115,

MS+115 area

10 SFr130m, 51acs Baa1/BBB+ CS/UBS Switz 100%. AM 52%, Tsy 24%, PB 19%,

Ins 2.5%, PF 2.5%.

3mBBSW+375 area - - - NAB -

4.918 - - - NAB -

ASW+90-93 - - -/A+ ANZ/WBC -

3mN+83/85 - >NKr500m - Danske/DNB/SEB -

• 
  
  
  
  • 
    
    
    
    • 
      
      
      
      • Danske/DNB/SEB -
      
      
      
      
    
    
    
    
  
  
  
  


• 
  
  
  
  • 
    
    
    
    • 
      
      
      
      • Danske/DNB/SEB -
      
      
      
      
    
    
    
    
  
  
  
  

T+mid 200s - U$450m -/-/BBB+ RBC(a)/USB/WFS -

T+210/215,

T+190/195

• 
  
  
  
  • Baa2/BBB CS/JPM -
  
  
  
  

T+175 area,

T+165 (+/-2)

14 U$2bn Baa3/BBB+/BBB+ Barc/Citi/RBC/Santan -

SOFR+90 area,

SOFR+83 (#)

• 
  
  
  
  • A3/-/A MS -