IFR Magazine – January 20, 2018

BONDS SUMMARY DETAILS

Pricing steps NIP (bp) Book size Ratings Bookrunners Distribution

MS+low 40s,

MS+40 (+/-2)

• 
  

  
  

  €500m, >80 acs -/BBB-/-/BBB BLB/DZ/CMZ/Nomura/Uni Ger/Aus 70%, Iberia 14%, Fr 5%, It 5%,
  UK/Ire 2%, Benelux 1%, Other 3%. Bks
  52%, AM 29%, Ins/PF 17%, Other 2%.
  MS+low 60s,
  MS+55 (+/-3)

  
  

  
  

7 >€2bn Baa3/BBB+/A SG Fr 34%, UK/Ire 15%, Ger/Aus 14%,

Benelux 10%, Nordics 8%, Iberia 8%, It

8%, Asia 4%, Other 1%. AM 84%, Bks/

PB 18%, CB/SSA 9%, Ins/PF 9%.

5% area,

4.5%

0 >€4.1bn , >330 acs Ba3 DB/HSBC/MS/RBI/SG/UBS UK 33%, Ger/Aus 10%, Switz 9%, S.Eur

7%, Benelux 3%, Other 12%. AM 46%,

Private FM 20%, Ins/PF 15%, PB 12%,

Bks 6%.

MS+90 area,

MS+80 area

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  €2bn Baa2/BBB/A Barc -

  
  

  
  

DM+low 40s,

DM+35 (+/-3)

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  • Baa1/BBB-/BBB+ BNPP/Citi/Danske/SG Fr 36%, Ger/Aus 33%, It 7%, Iberia 7%,
    UK/Ire 6%, Asia 5%, Benelux 4%, Switz
    2%. FM 88%, CB/SSA 8%, Bks 3%, Ins/
    PF 1%.
    MS+45 area,
    MS+30/35
  
  
  
  


• €1.7bn A1/A-/A MS/MUFG -

OS+22 area - - -/BBB+/A Daiwa/MUMSS/Mizuho/Natixis/

Nomura

OS+4/5 - - A2/A/A Daiwa/MUMSS/Mizuho/Natixis/

Nomura

OS+10 area - - A2/A/A Daiwa/MUMSS/Mizuho/Natixis/

Nomura

OS+40/42 - - -/BBB+/A Daiwa/MUMSS/Mizuho/Natixis/

Nomura

OS+15 area - - A2/A/A Daiwa/MUMSS/Mizuho/Natixis/

Nomura

OS+36 area - - -/BBB+/A Daiwa/MUMSS/Mizuho/Natixis/

Nomura

MS+60 area 8 SFr175m, 56 acs Baa2/BBB-/BBB+ DB Switz 78%, Asia 12%, Ger/Aus 5%,

N.Amer 2%, UK/Ire 2%, Benelux 1%. AM

41%, Bks 32%, Ins/PF 24%, HF/PE 2%,

Other 1%.

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  • 
    
    
    
    • -/AA KBLuz -
      MS+18 area -4 SFr175m A1/A/A+ CS/CMZ/CA-CIB(JLNB) Switz 100%. AM 61.75%, Ins 12.75%,
      BkTsy 17.5%, PB 5%, PF 1.5%, Corp 1.5%.
    
    
    
    
  
  
  
  


• 
  
  
  
  • 
    
    
    
    • Aa2 (gtee) CS -
    
    
    
    
  
  
  
  

3mBBSW+30 area - - Aa3/AA- RBC -

3m BKBM+70-73 - - A1/AA-/AA- CBA -

3mBBSW+110 area - - A3/BBB+/A- ANZ/CBA/NAB/WBC -

ASW+110 area - - A3/BBB+/A- ANZ/CBA/NAB/WBC -

3mBBSW+140 - - Baa2/BBB-/BBB+ ANZ/CBA/DB/NAB/WBC -

ASW+140 - - Baa2/BBB-/BBB+ ANZ/CBA/DB/NAB/WBC -

3mBBSW+82 area - - Aa2/A+/AA- CBA/NAB/UBS -

ASW+82 area - - Aa2/A+/AA- CBA/NAB/UBS -

• 
  
  
  
  • 
    
    
    
    • Aa3/AA-/AA- -
      OTC+135 - - A3/BBB+/A+ BMO/CIBC/HSBC/TD -
    
    
    
    
  
  
  
  

MS-13 area 3 >€700m, >35 acs Aaa/-/AAA BLB/CA-CIB/NordLB/Swed/Uni Ger/Aus 78%, Benelux 10%, UK/Irel

5%, S.Eur 2%, Other 2%.Savings Bks

33%, CB 30%, Bks 18%, Corp 10%, FM/

AM 9%.

MS+8 area,

MS+6 (+/-1)

3 €875m, 42 acs -/AAA/AAA CMZ/ING/NatWest/NIBC/Uni Benelux 55%, Ger/Aus 29%, S.Eur 7%,

UK/Ireland 3%, Switz 2%, Other 4%.

CB/OI 36%, Bks/PB 26%, AM 23%, Ins/

PF 15%.

MS+4 area,

MS+1 (+/-1)

2 >€1bn Aaa Barc/Erste/ING/NordLB/RBI

MS+low 40s,

MS+40 area

5 >€1bn A1 Akros/CA-CIB/HSBC/Nomura/UBS/

Uni

It 56%, Ger/Aus 23%, Nordics 8%,

Benelux 4%, Fr 3%, Other 6%. CB/OI

47%, AM 33%, Ins/PF 10%, Bks 10%.