2020-04-04 IFR Magazine

64 International Financing Review April 4 2020

GLOBAL BOND SUMMARY DETAILS: WEEK ENDING 3/4/2020 (CONTINUED)

Pricing date Issuer Amount Maturity Coupon (%) Reoffer Spread (bp) Yield (%)

STERLING

Mar 31 2020 Experian £400m Apr 7 2032 3.25 99.296 G+280 3.295

Mar 31 2020 Optivo £250m Oct 7 2035 2.857 100 G+230 2.857

Apr 2 2020 Volkswagen Financial

Services

£350m Oct 9 2025 4.25 99.38 G+425 4.337

Apr 3 2020 Sanctuary Capital £350m Apr 14 2050 2.375 98.121 G+170 2.464

SWISS FRANCS

Apr 2 2020 LafargeHolcim Helvetia

Finance

SFr250m Apr 11 2022 1.05 100.02 MS+165 / Eidg+168 1.04

Apr 3 2020 Lonza SFr300m Apr 28 2023 1 100.015 MS+160 /

Eidg+155.9

0.995

NON CORE

Mar 30 2020 Electrolux NKr500m Apr 1 2025 2.8 100 - 2.8

Mar 30 2020 Rikshem SKr100m incr

(SKr600m)

Feb 3 2025 0.828 95.332 - -

Mar 30 2020 Vattenfall SKr4.1bn Oct 1 2021 1.75 0 - -

Apr 3 2020 Volvo Treasury NKr1.15bn Apr 5 2023 3mN+200 100 3mN+200 -

FINANCIALS

US DOLLARS

Mar 27 2020 Credit Suisse US$3bn Apr 1 2031

(Apr 2030)

4.194 100 T+350 4.194

Apr 1 2020 Citigroup US$3.5bn Apr 8 2026

(Apr 2025)

3.106 100 T+275 3.106

Apr 2 2020 Lloyds Banking Group US$1.5bn Jul 9 2025

(Jul 2024)

3.87 100 T+350 3.87

EUROS

Apr 2 2020 Lloyds Bank Corporate

Markets

€1bn Apr 9 2026 2.375 99.344 MS+270 / B+309.4 2.494

Apr 3 2020 LeasePlan €500m Apr 9 2025 3.5 99.964 MS+375 / B+413.6 3.508

COVERED BONDS

US DOLLARS

Mar 27 2020 TD US$1.25bn Apr 3 2023 1.45 99.942 T+100 / T+114.25 1.47

EUROS

Apr 1 2020 Credit Agricole €2bn Dec 16 2024 0.125 99.87 MS+40 / B+78.2 0.153

Apr 1 2020 Oma Savings Bank €250m Apr 6 2023 0.125 99.631 MS+55 / B+95.2 0.249

Apr 2 2020 CMCICB €1.75bn Apr 9 2025 0.125 99.826 MS+40 / B+75.9 0.16

SWISS FRANCS

Mar 31 2020 BNS SFr355m incr

(SFr830m)

Nov 19 2025 0.2 100.211 MS+63 / Eidg+79 0.162

Mar 31 2020 PSHypo SFr501m Aug 13 2027 0.125 100.374 MS+43 / Eidg+55.8

/ Saron+51.6

0.074

Mar 31 2020 PSHypo SFr264m Jun 22 2040 0.5 101.724 MS+43 / Eidg+56.4

/ Saron+52.6

0.411

Apr 3 2020 BMO SFr325m Dec 22 2023 0.096 100 MS+68 / Eidg+74 0.096

NON CORE

Apr 2 2020 CIBC Sydney A$600m Apr 14 2023 3mBBSW+125 100 3mBBSW+125 -

Apr 3 2020 TD Bank A$1.25bn Apr 14 2023 3mBBSW+125 100 3mBBSW+125 -

Apr 3 2020 Sparbanken Skane SKr700m Oct 14 2022 3mS+75 101.41 3mS+19 -

HIGH YIELD

US DOLLARS

Mar 30 2020 YUM!Brands US$600m Apr 1 2025

(Apr 2022)

7.75 100 T+737 7.75

Apr 2 2020 Restaurant Brands

International

US$500m Apr 15 2025

(Apr 2022)

5.75 100 T+537 5.75

Apr 2 2020 Tenet Healthcare Corp US$700m Apr 1 2025

(Apr 2022)

7.5 100 T+713 7.5

Apr 2 2020 TransDigm US$1.1bn Dec 15 2025

(Dec 2023)

8 100 T+756 8

6 IFR Bonds 2327 p 25 - 65 .indd 64 03 / 04 / 2020 20 : 29 : 03