Koninklijke Philips NV (PHIANA)

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Koninklijke Philips NV (PHIANA)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	PHIANA	Koninklijke Philips NV	€650		1	EMEA	Aug 24, 2026

Tranche #1Koninklijke Philips NV

currency

EUR

size (m)

650.000

maturity

May 28, 2034

type

Fixed

tenor

7.750

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB+

fitch

BBB+

size description

Expected

re-open/tap

ipt

MS+115-120

ipt-pxd

-32.5

guidance

MS+90 area

spread

coupon

4.00%

spread set

price

99.65500

yield

4.055%

book size (m)

1,700

peak book (m)

2,100

x-covered

2.62

book attrition

-19.05%

nic

billing & delivering

active leads

,,,

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,700

peak book (m)

2,100

x-covered

2.62

book attrition

-19.05%

nic

billing & delivering

active leads

,,,

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

Book size: 1700; Registration: Reg S Only; Comments: DBR 2.2 02/15/34 +92.5bps @ 93.88 / HR 103%. MWC: B+15. CoC: 100%. Tax Call: Yes. Clean-Up Call: 75%. LEI: H1FJE8H61JGM1JSGM897;

Deal Comments

This deal was upsized from EUR500m to EUR650m

Use of Proceeds

The Notes are designated as "European Green Bonds" or "EuGB" in accordance with Regulation (EU) 2023/2631 (the "EU Green Bond Regulation"). An amount equal to the gross proceeds of the issuance of the Notes will be applied by the Issuer to finance or refinance the project(s) described in the Issuer's European Green Bond Factsheet dated 17 August 2026

Relative Value

COMPS
Ticker	Mdy	S&P	Fitch	Issue	Maturity	Cpn	TTM	Amt (€M)	MS+
PHIANA	Baa1	BBB+	WD	May-25	May-30	3.25%	3.7	500	51
PHIANA	Baa1	-	BBB+	Aug-23	Sep-31	4.25%	5	500	64
PHIANA	Baa1	-	BBB+	May-24	May-32	3.75%	5.8	700	73
PHIANA	Baa1	BBB+	BBB+	Apr-22	May-33	2.63%	6.7	600	76
PHIANA	Baa1	BBB+	WD	May-25	May-35	4.00%	8.8	500	85

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CreditFlow: End of Day (Europe IG)	Aug 24, 2026

Aug 24, 2026

1 to 1 of 1

	PRICED: Koninklijke Philips N.V. €650m 7.75yr Sr Unsec; MS+85bp	Aug 24, 2026
	ALLOCATIONS OUT: Koninklijke Philips N.V. €650m 7.75yr EuGB Sr Unsec; MS+85bp	Aug 24, 2026
	LAUNCHED: Koninklijke Philips N.V. €650m 7.75yr EuGB Sr Unsec; MS+85bp	Aug 24, 2026
	GUIDANCE: Koninklijke Philips N.V. €650m 7.75yr Sr Unsec; MS+90a	Aug 24, 2026
	NEW ISSUE: Koninklijke Philips N.V. €500m (exp) 7.75yr EuGB Sr Unsec; MS+115/120bp	Aug 24, 2026

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Koninklijke Philips NV (PHIANA)

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