Abertis Infraestructuras SA (ABESM)

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Abertis Infraestructuras SA (ABESM)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	INDS	PRCD	ABESM	Abertis Infraestructuras SA	€1,500		2	EMEA	Sep 17, 2019

Tranche #1Abertis Infraestructuras SA

currency

EUR

size (m)

850.000

maturity

Mar 26, 2028

type

Fixed

tenor

8.500

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB

fitch

BBB

size description

re-open/tap

ipt

MS+160 a

ipt-pxd

guidance

MS+140-145

spread

140

coupon

1.125%

spread set

price

99.09700

yield

1.237%

book size (m)

1,300

peak book (m)

x-covered

1.53

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

1,300

peak book (m)

x-covered

1.53

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche #2Abertis Infraestructuras SA

currency

EUR

size (m)

650.000

maturity

Mar 26, 2032

type

Fixed

tenor

12.500

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB

fitch

BBB

size description

re-open/tap

ipt

MS+200 a

ipt-pxd

guidance

MS+180-185

spread

180

coupon

1.875%

spread set

price

99.91000

yield

1.882%

book size (m)

1,000

peak book (m)

x-covered

1.54

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

1,000

peak book (m)

x-covered

1.54

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

8.5 yr: Book size: 1300; Registration: Reg S Only; Comments: EUR850m bmk 8.5yr snr unsec. With 12.5yr. BBB/BBB. IMI/Saba/Barc(B&D)/BBVA/BNPP/BAML/Caixa/JPM/Miz/MUFG/Natx/RBC/Santan/Uni. IPTs MS+160 area, guidance +140/+145, tbp +140 for 850m. Books closed c. 1.3bn. DBR 0.5% 2/28 @ 109.34 +181.8, HR 88%. (Source: IFR); 12.5 yr: Book size: 1000; Registration: Reg S Only; Comments: EUR650m bmk 12.5yr snr unsec. With 8.5yr. BBB/BBB. IMI/Saba/Barc(B&D)/BBVA/BNPP/BAML/Caixa/JPM/Miz/MUFG/Natx/RBC/Santan/Uni. IPTs MS+200 area, guidance +180/+185, tbp +180 for 650m. Books closed c. 1bn. DBR 0 8/29 @104.80 +235.4, HR 106%. (Source: IFR);

Use of Proceeds

Refinancing and general corporate purposes

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Abertis Infraestructuras SA (ABESM)

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