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3M Co
3M Co

3M Co (MMM)

Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
INDS
PRCD
MMM
3M Co€1,500
3USOA
Sep 3, 2026
currency
EUR
size (m)
500.000
maturity
Sep 10, 2028
type
Fixed
tenor
2.000
call
-
registration
SEC Registered
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A3
s&p
BBB+
fitch
A-
size description
Will Not Grow
re-open/tap
No
ipt
MS+70 area
ipt-pxd
-32
guidance
MS+40 area
spread
38
coupon
3.50%
spread set
-
price
99.91600
yield
3.5544%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-2
billing & delivering
DEU
active leads
-
joint leads
BAM,BNP,BRC,CTI,...
passive leads
-
co-managers
ACD,BNY,ICB,LOP,...
coordinating managers
DEU
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-2
billing & delivering
DEU
active leads
-
joint leads
BAM,BNP,BRC,CTI,...
passive leads
-
co-managers
ACD,BNY,ICB,LOP,...
coordinating managers
DEU
currency
EUR
size (m)
500.000
maturity
Sep 10, 2031
type
Fixed
tenor
5.000
call
-
registration
SEC Registered
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A3
s&p
BBB+
fitch
A-
size description
Will Not Grow
re-open/tap
No
ipt
MS+100 area
ipt-pxd
-32
guidance
MS+70 area
spread
68
coupon
3.90%
spread set
-
price
99.94200
yield
3.913%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-2
billing & delivering
DEU
active leads
-
joint leads
BAM,BNP,BRC,CTI,...
passive leads
-
co-managers
ACD,BNY,ICB,LOP,...
coordinating managers
DEU
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-2
billing & delivering
DEU
active leads
-
joint leads
BAM,BNP,BRC,CTI,...
passive leads
-
co-managers
ACD,BNY,ICB,LOP,...
coordinating managers
DEU
currency
EUR
size (m)
500.000
maturity
Sep 10, 2034
type
Fixed
tenor
8.000
call
-
registration
SEC Registered
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A3
s&p
BBB+
fitch
A-
size description
Will Not Grow
re-open/tap
No
ipt
MS+120-125
ipt-pxd
-34.5
guidance
MS+90 area
spread
88
coupon
4.10%
spread set
-
price
99.37900
yield
4.193%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-2
billing & delivering
DEU
active leads
-
joint leads
BAM,BNP,BRC,CTI,...
passive leads
-
co-managers
ACD,BNY,ICB,LOP,...
coordinating managers
DEU
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-2
billing & delivering
DEU
active leads
-
joint leads
BAM,BNP,BRC,CTI,...
passive leads
-
co-managers
ACD,BNY,ICB,LOP,...
coordinating managers
DEU
Tranche Comments
First Pay: 2027-09-10; Registration: SEC Registered; Comments: DBR 0 ¼ 08/15/28 + 58.1. Tax Call: Yes. MWC: Yes. LEI: LUZQVYP4VS22CLWDAR65; First Pay: 2027-09-10; Registration: SEC Registered; Comments: DBR 0 08/15/31+ 82.7. Tax Call: Yes. MWC: Yes. LEI: LUZQVYP4VS22CLWDAR65; First Pay: 2027-09-10; Registration: SEC Registered; Comments: DBR 2.6 08/15/34+94.2. Tax Call: Yes. MWC: Yes. LEI: LUZQVYP4VS22CLWDAR65;
Use of Proceeds
General corporate purposes, which may include the repayment, redemption or refinancing of indebtedness
Relative Value

2yr (Sep 2028) @ MS+70a
Implied Spread for fresh 2yr @ MS+40
Priced at MS+38
NIC of -2

5yr (Sep 2031) @ MS+100a
Implied Spread for fresh 5yr @ MS+70
Priced at MS+68
NIC of -2

8yr (Sep 2034) @ MS+120/125
Implied Spread for fresh 8yr @ MS+90
Priced at MS+88
NIC of -2

Hide Details

Commentary

All Commentary
CreditFlow: End of Day (Europe IG)Sep 3, 2026
1 to 1 of 1

Deal Flow

All Deal Flow
PRICED: 3M Company €1.5bn 3-part Sr Unsec; MS+38bp / MS+68bp / MS+88bpSep 3, 2026
ALLOCATIONS OUT: 3M Company €1.5bn 2yr, 5yr & 8yr Sr Unsec; MS+38bp, MS+68bp & MS+88bpSep 3, 2026
LAUNCHED: 3M Company €1.5bn 2yr & 5yr & 8yr Sr Unsec; MS+38bp & MS+68bp & MS+88bpSep 3, 2026
GUIDANCE: 3M Company €1.5bn 2yr, 5yr & 8yr Sr Unsec; MS+40 (+/-2 WPIR), MS+70 (+/-2 WPIR) & MS+90 (+/-2 WPIR)Sep 3, 2026
NEW ISSUE: 3M Company € bmk 2yr & 5yr & 8yr Sr Unsec; MS+70a & MS+100a & MS+120/125Sep 3, 2026
MANDATE: 3M Company Inv Calls 01-02-Sep; SEC-registered € 2yr, 5yr & 8yr Sr Unsec Offering May FollowSep 1, 2026
1 to 6 of 6
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About
Careers
Contact
Solutions
API Overview
API Documentation
Global Issuers List
Global Parents List
Pricing
OpenMarket Profiles
Career Portal
CapEdge
CreditFlow
Deal Roadshow
DealVDR
Evercall
More
Americas
+1 888 997 6610
APAC
+852 3018 1600
EMEA
+44 80817 87364
support@creditflowresearch.com
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