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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
MTRL
PRCD
ERAFP
Eramet SA€300
1EMEA
Nov 14, 2019
currency
EUR
size (m)
300.000
maturity
May 21, 2025
type
Fixed
tenor
5.500
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
-
fitch
-
size description
-
re-open/tap
No
ipt
5.875-6.00%
ipt-pxd
-
guidance
6.00%
spread
620
coupon
5.875%
spread set
-
price
99.47100
yield
6.00%
book size (m)
350
peak book (m)
-
x-covered
1.17
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
ABN, BNP, CAG, DEU, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
350
peak book (m)
-
x-covered
1.17
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
ABN, BNP, CAG, DEU, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
5.5 yr: Book size: 350; Registration: Reg S Only; Comments: EUR300m 5.5yr snr unsec. With tender for 460m 4.5% Nov 2020. NR. GloCos BNPP/CA-CIB/SG. JBs ABN/DB/Natx. Initial feedback 5.4%/6%, IPTs 5.875%/6%, set 6%, bks ~350m, Had R/S from Nov 7. FTT 2.55pm. MS+620 / DBR 0.5% 2/25+657.7 (@ 105.75). Short first;
Use of Proceeds
To fund the tender offer and general corporate purposes

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