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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
MTRL
PRCD
SAPSJ
Sappi Papier Holding GmbH€450
1EMEA
Mar 12, 2019
currency
EUR
size (m)
450.000
maturity
Apr 15, 2026
type
Fixed
tenor
7.000
call
-
registration
144A/Reg S
benchmark
YLD
ranking
Senior
moody's
Ba1
s&p
BB
fitch
-
size description
-
re-open/tap
No
ipt
Mid 3%s
ipt-pxd
-
guidance
3.125-3.25%
spread
-
coupon
3.125%
spread set
-
price
100.00000
yield
3.125%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
-
joint leads
CAG, EGB, ING, JPM, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
-
joint leads
CAG, EGB, ING, JPM, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
7 yr: Redemption: 2022-04-15; Registration: 144A/Reg S; Comments: EUR450m 7NC3. Ba1/BB. GloCos Citi(B&D)/CA-CIB/JPM. JBs Erste/ING/KBC/NatWest/StCh/Uni. UoP: repay 450m 3.375% Apr 2022. IPTs Mid 3%s, talk 3.25%/3.5%, final talk 3.125%/3.25% WPIR,came 3.125%. South African co. B+50 MWC to 1st call. Had r/s March 11-12. MWC B+50 to 1st. (Source: IFR);
Guarantor(s)
Sappi Ltd, plus 22 key subsidiaries in the US, Europe and Asia
Use of Proceeds
Refinancing

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