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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
CONS
PRCD
CPRIM
Davide Campari Milano NV€600
1EMEA
Jun 10, 2026
currency
EUR
size (m)
600.000
maturity
Jun 17, 2033
type
Fixed
tenor
7.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
-
fitch
-
size description
-
re-open/tap
No
ipt
MS+175 area
ipt-pxd
-35
guidance
n/a - straight to launch
spread
140
coupon
4.25%
spread set
-
price
99.20700
yield
4.384%
book size (m)
3,000
peak book (m)
3,000
x-covered
5
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
book size (m)
3,000
peak book (m)
3,000
x-covered
5
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
Tranche Comments
Book size: 3000; Registration: Reg S Only; Comments: DBR 2.3% 2033 (TWIN) @ 96.47 / 2.887% (HR 100%). MWC: B+25. CoC: 100%. Clean-Up Call: 80%. LEI: 213800ED5AN2J56N6Z02;
Deal Comments
Exp Size: EUR500m. UPDATE: Spread Set at MS+140#
Use of Proceeds
General Corporate Purposes including refinancing of existing indebtedness including the Tender Offer
Relative Value

COMPS

Issuer

Ratings

Size

Coupon

Maturity

Tenor

I-Sprd

Beverage Peers

Diageo

A3/A-

€ 1,000m

3.125

Feb-31

4.7

47

Diageo

A3/A-

€ 500m

3.25

Oct-32

6.3

62

Pernod-Ricard

Baa1/BBB+

€ 700m

3.375

Nov-30

4.4

51

Pernod-Ricard

Baa1/BBB+

€ 800m

3.25

Mar-32

5.7

70

Pernod-Ricard

Baa1/BBB+

€ 500m

3.25

Feb-33

6.7

79

Asahi

Baa1

€ 500m

3.464

Apr-32

5.9

76

Carlsberg

Baa1/BBB+

€ 1,000m

3.25

Feb-32

5.7

64

Molson-Coors

Baa2/BBB

€ 800m

3.8

Jun-32

6

80

KDP

Baa3/BBB-

€ 800m

3.881

Mar-30

3.8

95

KDP

Baa3/BBB-

€ 800m

4.224

Mar-32

5.8

122

Other Consumer

General Mills

Baa2/BBB

€ 750m

3.6

Apr-32

5.9

82

Magnum Ice Cream

Baa2/BBB

€ 750m

3.25

Nov-31

5.5

76

Barry Callebaut

Baa3/BBB-

€ 850m

4.25

Aug-31

5.2

100