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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
COND
PRCD
HELLA
Hella GMBH & Co KGAA€300
1EMEA
Sep 16, 2026
currency
EUR
size (m)
300.000
maturity
Sep 23, 2030
type
Fixed
tenor
4.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Ba1
s&p
-
fitch
BBB-
re-open/tap
No
ipt
5.50%-5.625%
ipt-pxd
-31.25
guidance
STL
spread
173.7
coupon
5.25%
spread set
-
price
100.00000
yield
5.25%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
Tranche Comments
Registration: Reg S Only; Comments: 197.8 bp vs. DBR 0 08/15/2030 (@ 88.18 / 3.272 %); HR 106 %. MWC: B+30. CoC: 100%. Tax Call: Yes. LEI: 529900PLX4ADJFWIY024;
Use of Proceeds
General corporate purposes, including the refinancing of existing debt
Relative Value

COMPS

TICKER

MDY

S&P

FITCH

ISSUE

MAT

CPN

TTM

AMT

€MS+

YTM

Hella GmbH & Co KGaA

Ba1

-

-

Aug-19

Jan-27

0.5

0.4

500

129

4.12

Ford Motor Credit Co LLC

Ba1

BBB-

BBB-

Feb-25

Aug-30

4.066

3.9

750

109

4.57

Ford Motor Credit Co LLC

Ba1

BBB-

BBB-

May-26

Jul-31

4.48

4.8

750

132

4.81

Opmobility

-

BB+

-

Jul-25

Feb-31

4.296

4.4

300

90

4.38

Schaeffler AG

Ba1

BB+

BB+

Mar-24

Mar-30

4.5

3.5

850

120

4.68

Schaeffler AG

Ba1

BB+

BB+

Mar-25

Apr-31

5.375

4.5

600

140

4.88

Valeo SE

Ba1

BB

-

Apr-24

Apr-30

4.5

3.6

850

102

4.49

Valeo SE

Ba1

BB

-

May-25

May-31

5.125

4.7

650

134

4.84

Forvia SE

B1

BB-

BB+

Mar-25

Jun-30

5.625

3.8

1000

157

5.04

Forvia SE

B1

BB-

BB+

Sep-25

Mar-31

5.375

4.5

600

184

5.32