International Financing Review March 7 2020 51BONDS SUMMARY DETAILSPricing steps NIP (bp) Book size Ratings Bookrunners Distribution
T+165 area,
T+145 (+/-3)0 US$6.9bn Baa2/A-/BBB BofA/GS/MS -T+180 area,
T+160 (+/-3)2 US$5.5bn Baa2/A-/BBB BofA/GS/MS -T+200 area,
T+180 (+-3)3 US$5.2bn Baa2/A-/BBB BofA/GS/MS -2.25%/2.375% - US$1.7bn Aa3/AA- CS/BofA/GS/MS(a)/BBVA/DB/PNC/
Scotia(p)2.625%/2.75% - US$400m A3/A- CS/BofA/GS/MS(a)/BBVA/DB/PNC/
Scotia(p)T+140 area,
T+125 (+/-5)3 US$1.6bn Baa1/BBB+/BBB+ BofA/CS/WFS(a)JPM/DB(p) -T+190 area,
T+175 (+/-5)1 US$1.63bn Baa1/BBB+/BBB+ BofA/CS/WFS(a)JPM/DB(p) -T+175 area - - Baa2/BBB/BBB+ Jeff/USB -
T+165 area,
T+145 (+/-5)0 - Baa2/BBB BofA/JPM(a)/BMO/PNC(p) -T+225 area,
T+200 (+/-5)0 - Baa2/BBB BofA/JPM(a)/BMO/PNC(p) -T+75 area,
T+55 (+/-2)3 US$3.2bn A2/A/A DB/HSBC/JPM/RBC -T+110/115,
T+90 (+/-2)10 US$3.6bn A2/A/A DB/HSBC/JPM/RBC -3ml+75 area,
3ml+75 area,
- Baa3/BBB/BBB DB/USB -
T+155 area 7 US$3.9bn Baa2/BBB BMO/GS/JPM -
T+145 area 3 US$2.5bn A3/A-/BBB+ BofA/Barc/Citi/Miz(a)/BNY/BNPP(p) -
T+190 area 4 US$3bn A3/A-/BBB+ BofA/Barc/Citi/Miz(a)/BNY/BNPP(p) -
T+180 area,
T+155 (+/-5)- US$2.7bn Baa2/BBB+/BBB+ BofA/JPM/MUFG/WFS -
T+130 area,
T+120 (the #)10 US$1.4bn A3/A-/A- Citi/BofA/DB/Miz/Santan -T+155 area,
T+155 (the #)20 US$600m A3/A-/A- Citi/BofA/DB/Miz/Santan -T+180 area,
T+180 (+/-5)20 US$600m A3/A-/A- Citi/BofA/DB/Miz/Santan -T+155 area 2.5 US$500m Baa1/A JPM/Miz/USB -T+185 area,
T+175 (+/-5)20 US$2.2bn Baa3/BBB+ DB/JPM -MS+115 area,
MS+95/1005 - A2/A/A Barc/BNPP/GS/Uni -MS+75 area,
MS+55/605 - A2/A/A Barc/BNPP/GS/Uni -MS+85 area,
MS+70 area15 €3.2bn Baa1/BBB+/BBB+ Barc/BNPP/CM-CIC/CMZ/MUFG/
RaboMS+115 area,
MS+100 area15 €4.2bn Baa1/BBB+/BBB+ Barc/BNPP/CM-CIC/CMZ/MUFG/
RaboMS+135 area,
MS+120 area15 €2.85bn Baa1/BBB+/BBB+ Barc/BNPP/CM-CIC/CMZ/MUFG/
RaboMS+80 area,
MS+55 area4 €3.75bn Aa2/-/AA BofA/GS/JPM/WFS -MS+130 area,
MS+105/1105 €4.5bn Baa1/BBB+/A- BNPP(struc)/CA-CIB/Miz/NatWest -MS+120/+125,
MS+95/1007.5 €4.5bn Baa2/-/BBB+ Nordea/SG/Uni Fr 32%, Ger/Aus 30%, UK/Ire 14%,
Benelux 12%, S.Eur 5%, Switz 4%, Other
3%. AM 74%, Ins 15%, Bks 7%, Other 4%.
MS+75 area 20 €1.2bn combined A1/A+ DB/JPM/MUFG UK/Ire 29%, Benelux 38%, Ger/Switz
18%, Fr 9%, S.Eur 5%, Other 1%. AM
50%, OI 25%, Ins/PF 15%, Bks/PB 8%,
Other 2%.
MS+95 area 28 €1.2bn combined A1/A+ DB/JPM/MUFG Fr 40%, Benelux 28%, UK/Ire 13%, Ger/
Switz 12%, Nordics 4%, Other 3%. AM
57%, OI 24%, Ins/PF 13%, Bks/PB 5%,
Other 1%.
MS+85 area,
MS+60/651 €3.4bn -/A- Barc/JPM/MUFG/Natx Fr 39%, Ger/Aus 27%, UK/Ire 15%,
Benelux 6%, S.Eur 6%, Switz 4%, Other
3%. AM 62%, Ins/PF 14%, OI 12%, Bks/
PB 9%, Other 3%.6 IFR Bonds 2323 p 25 - 53 .indd 51 06 / 03 / 2020 19 : 18 : 10