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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
GLJGR
Grenke Finance PLC€300
1EMEA
Nov 9, 2018
currency
EUR
size (m)
300.000
maturity
Oct 5, 2023
type
Fixed
tenor
5.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
BBB+
fitch
-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
MS+120-125
spread
120
coupon
1.50%
spread set
-
price
99.76300
yield
1.551%
book size (m)
300
peak book (m)
-
x-covered
1
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
300
peak book (m)
-
x-covered
1
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
5 yr: Book size: 300; Registration: Reg S Only; Comments: EUR300m sub-bmk short 5yr (Oct 2023), spread set at MS+120. Guidance +120/125. BBB+ S&P. Inv call Thurs, had postponed on headlines Nov 5. Bks >300m ahead of subj. BLB/DB(B&D)/HSBC/Uni. HR = 92% vs DBR 2% 8/23+176.7 @110.598. FTT 2pm;
Guarantor(s)
Grenke AG
Use of Proceeds
General Corporate Purposes

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