ZF Europe Finance BV (ZFFNGR)

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ZF Europe Finance BV (ZFFNGR)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	ZFFNGR	ZF Europe Finance BV	€2,700		4	EMEA	Oct 14, 2019

Tranche #1ZF Europe Finance BV

currency

EUR

size (m)

500.000

maturity

Oct 23, 2023

type

Fixed

tenor

4.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa3

s&p

BBB-

fitch

re-open/tap

ipt

MS+215 a

ipt-pxd

guidance

MS+195 a

spread

185

coupon

1.25%

spread set

price

99.11700

yield

1.479%

book size (m)

2,400

peak book (m)

x-covered

4.8

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

2,400

peak book (m)

x-covered

4.8

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche #2ZF Europe Finance BV

currency

EUR

size (m)

900.000

maturity

Feb 23, 2026

type

Fixed

tenor

6.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa3

s&p

BBB-

fitch

re-open/tap

ipt

MS+270 a

ipt-pxd

guidance

MS+250 a

spread

245

coupon

2.00%

spread set

price

98.90400

yield

2.188%

book size (m)

2,800

peak book (m)

x-covered

3.11

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

2,800

peak book (m)

x-covered

3.11

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche #3ZF Europe Finance BV

currency

EUR

size (m)

600.000

maturity

Oct 23, 2027

type

Fixed

tenor

8.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa3

s&p

BBB-

fitch

re-open/tap

ipt

MS+300 a

ipt-pxd

guidance

MS+285 a

spread

280

coupon

2.50%

spread set

price

99.03000

yield

2.636%

book size (m)

1,500

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)

1,500

peak book (m)

x-covered

2.5

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche #4ZF Europe Finance BV

currency

EUR

size (m)

700.000

maturity

Oct 23, 2029

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa3

s&p

BBB-

fitch

re-open/tap

ipt

MS+340 a

ipt-pxd

guidance

MS+325 a

spread

320

coupon

3.00%

spread set

price

98.63800

yield

3.161%

book size (m)

2,300

peak book (m)

x-covered

3.29

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

2,300

peak book (m)

x-covered

3.29

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

4 yr: Book size: 2400; Registration: Reg S Only; Comments: EUR500m bmk 4yr. Part of 4-tr, exp ~2.5bn. Baa3/BBB-. BNPP/BAML/Citi(B&D)/DB/JPM. IPTs MS+215 area, guidance MS+195 area, launch 500m@+185, bk 2.4bn. OBL 0% Oct-23+221.2 @102.98 / HR:93%, MWC: B+35bp. Par Call: 1m; 6 yr: Book size: 2800; Registration: Reg S Only; Comments: EUR900m bmk long 6yr. Part of 4-tr, exp ~2.5bn. Baa3/BBB-. BNPP/BAML/Citi(B&D)/DB/JPM. IPTs MS+270 area, guidance MS+250 area, launch 900m'+245, bk 2.8bn. DBR 0.5% Feb-26+284.5 @107.51 HR:86%. MWC: B+45bp. Par Call: 2m; 8 yr: Book size: 1500; Registration: Reg S Only; Comments: EUR600m bmk 8yr. Part of 4-tr, exp ~2.5bn. Baa3/BBB-. BNPP/BAML/Citi(B&D)/DB/JPM. IPTs MS+300 area, guidance MS+285 area, launch 600m@+280, bk 1.5bn, DBR 0.5% Aug-27 +322.2 @108.73 (HR:84%), MWC: B+50bp. Par Call: 3m; 10 yr: Book size: 2300; Registration: Reg S Only; Comments: EUR700m bmk 10yr. Part of 4-tr, exp ~2.5bn. Baa3/BBB-. BNPP/BAML/Citi(B&D)/DB/JPM. IPTs MS+340 area, guidance MS+325 area, launch 700m@+320, bk 2.3bn. DBR 0% Aug-29 +361.4 @104.565 (HR:81%), MWC: B+50bp. Par Call: 3m;

Guarantor(s)

ZF Friedrichshafen AG

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