Elia Group SA/NV (fka Elia System Operator SA/NV) (ELIASO)

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Elia Group SA/NV (fka Elia System Operator SA/NV) (ELIASO)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	ELIASO	Elia Group SA/NV (fka Elia System Operator SA/NV)	€1,000		2	EMEA	Aug 28, 2018

Tranche #1Elia Group SA/NV (fka Elia System Operator SA/NV)

currency

EUR

size (m)

700.000

maturity

type

Fixed

tenor

call

registration

Reg S Only

benchmark

Swaps

ranking

moody's

s&p

BBB-

fitch

size description

re-open/tap

ipt

3.125-3.25%

ipt-pxd

guidance

2.875% a

spread

242

coupon

2.75%

spread set

price

99.98900

yield

2.75%

book size (m)

1,750

peak book (m)

x-covered

2.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,750

peak book (m)

x-covered

2.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Elia Group SA/NV (fka Elia System Operator SA/NV)

currency

EUR

size (m)

300.000

maturity

Sep 5, 2028

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB+

fitch

size description

re-open/tap

ipt

MS+80-85

ipt-pxd

guidance

MS+70 a

spread

coupon

1.50%

spread set

price

99.37500

yield

1.568%

book size (m)

900

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

900

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

PNC 5.25: Book size: 1750; Redemption: 2023-09-05; Registration: Reg S Only; Comments: EUR700m PNC5.25 hybrid. With 10yr snr. BBB- S&P. GloCos BAML(B&D)/BNPP. JBs ING/NatWest. IPTs 3.125%/3.25%, guidance 2.875% area (+/-12.5bp wpir), tbp 2.75%. Book 1.75bn. OBL 128 10/23 +294 (cash 100.98); 10 yr: Book size: 900; Registration: Reg S Only; Comments: EUR300m no-grow 10yr snr unsec. WIth 700m hybrid. BBB+ S&P. GloCos BAML(B&D)/BNPP. JBs ING/NatWest. IPTs MS+80/+85, guidance +70 area (+/-3 wpir), tbp +67. Books 900m. DBR 0.25% Aug-28 @ 98.69 (HR 95%) +118.4;

Deal Comments

Hybrid Bond (P NC 5.25)

Use of Proceeds

M&A

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Elia Group SA/NV (fka Elia System Operator SA/NV) (ELIASO)

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