2020-04-04 IFR Magazine

International Financing Review April 4 2020 65

BONDS SUMMARY DETAILS

Pricing steps NIP (bp) Book size Ratings Bookrunners Distribution

G+300 area, - £2.2bn Baa1/A- Barc/BofA/BNPP/SG -

G+250 area,

G+235/+240

• £900m A2 BNPP/HSBC -

G+445 area, G+430

area

• £700m A3/BBB+ NatWest/HSBC -

G+200 area, G+175

area

• 
  

  
  

  £1.5bn A2/A+ Barc/HSBC/Lloyds -

  
  

  
  

MS+160/+170,

MS+160/+170

• 
  

  
  

  SFr250m Baa2/BBB BNPP/CMZ/CS/UBS Switz 100%. AM 46%, Bks/PB 29%, PF
  13%, Ins 10%, Tsy 2%.
  MS+160/+175,
  MS+160/+165

  
  

  
  


• 
  

  
  

  75acs -/BBB+ CS/UBS/ZKB (2/3 leads) Switz 100%. AM 46.5%, PB
  35.5%, PF 8%, Tsy 6%, Ins 4%.

  
  

  
  


• 
  
  
  
  • 
    
    
    
    • NR SEB -
    
    
    
    
  
  
  
  


• 
  
  
  
  • 
    
    
    
    • -/A- SEB -
    
    
    
    
  
  
  
  


• 
  
  
  
  • 
    
    
    
    • A3/BBB+ SEB/Sven -
    
    
    
    
  
  
  
  


• 
  
  
  
  • 
    
    
    
    • A3/A- SEB -
    
    
    
    
  
  
  
  

T+387.5 area 31 US$6.8bn Baa2/BBB+/A- CS -

T+312.5 area,

T+275 (the #)

25 US$7bn A3/BBB+/A Citi -

T+375 area 26 US$3.7bn A3/BBB+/A+ GS/JPM/Lloyds/MS/WFS -

MS+300 are,

MS+270 (#)

50 >€3.25bn A1/A/A+ Lloyds/Miz/Santan/UBS Fr 25%, UK/Ire 24%, Ger/Aus/Switz

19%, S.Eur 14%, Benelux 9%, Nordics

5%, Other 4%. FM 72%, Ins/PF 12%,

Bks/PB 11%, CB/OI 4%, Other 1%.

Ms+375 area - €650m Baa1/BBB-/BBB+ Danske/HSBC/ING/JPM/SG -

T+100 area - >US$1.35bn Aaa/-/-/AAA CS/TD/UBS -

MS+40 23 >€3.75bn, ~100acs Aaa/AAA/AAA CA-CIB/CMZ/LBBW/Natx/Santan Ger 51.4%, Fr 15.7%, Benelux 11.5%, Nordics

7.5%, Aus/Switz 5.2%, RoEur 6.9%, Other

1.8%. Bks 85%, FM 10%, CB 5%.

MS+60 area - >€560m -/AAA/- LBBW/Nordea/SEB -

MS+40 area 20 >€2.6bn, 90acs Aaa/AAA/AAA CMZ/JPM/Natx/UBS Fr 39%, Ger/Aus 28%, Nordics 12%, UK 7%,

Benelux 5%, Switz 4%, It 3%, Other 2%. Bks

41%, Govt/Agcy 36%, AM 20%, Ins/PF 3%.

• 
  
  
  
  • 23acs Aaa/-/AAA/AAA UBS Switz 100%. Tsy 81%, AM 12%, PF 5%,
    Bks/PB 1%, Ins 1%.
  
  
  
  


• 
  
  
  
  • 
    
    
    
    • Aaa CS/Raiff/UBS -
    
    
    
    
  
  
  
  


• 
  
  
  
  • 
    
    
    
    • Aaa CS/Raiff/UBS -
    
    
    
    
  
  
  
  

MS+68 (#) - SFr325m, 26acs Aaa/-/AAA/AAA UBS Switz 100%. Tsy 74%, AM 13%, Bks/PB

5%, Ins 4%, PF 4%.

3mBBSW+125 area - - Aaa/-/AAA HSBC/NAB/WBC/CIBC -

3mBBSW+125 area - - Aaa/-/-/AAA ANZ/CBA/NAB/TD/WBC -

• 
  
  
  
  • 
    
    
    
    • -/AAA HCM -
    
    
    
    
  
  
  
  

7.75%/8% - - B1/B+ GS/WFS/Citi/JPM/BofA/MS -

6% area,

5.75%

• 
  
  
  
  • Ba2/BB+ JPM/MS/WFS/BofA/Barc/RBC -
  
  
  
  

7.5%/7.75%,

7.5%

• 
  
  
  
  • 
    

    Ba3/BB- Barc/BofA/Capone/Citi/DB/GS/JPM/
    RBC/STRH/WFS/Scotia/Santan

    
    
  
  
  
  

8%/8.25% - - Ba3 MS/CS/Citi/Barc/GS/CA-CIB/RBC/

PNC/HSBC/JPM/KKR

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