MERLIN Properties SOCIMI SA (MRLSM)

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MERLIN Properties SOCIMI SA (MRLSM)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	REAL	PRCD	MRLSM	MERLIN Properties SOCIMI SA	€500		1	EMEA	Nov 27, 2019

Tranche #1MERLIN Properties SOCIMI SA

currency

EUR

size (m)

500.000

maturity

Dec 4, 2034

type

Fixed

tenor

15.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+180 a

ipt-pxd

guidance

MS+165-170

spread

165

coupon

1.875%

spread set

price

99.17400

yield

1.939%

book size (m)

1,000

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,000

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

15 yr: Book size: 1000; Registration: Reg S Only; Comments: EUR500m no-grow 15yr snr unsec. Baa2/BBB. Actives BcaIMI/BBVA/BNPP/HSBC/Natx/Santan. IPTs MS+180 area, guidance MS+165/170 wpir set MS+165 on bk >1bn pre rec, tight end. DBR 4.75 Jul34 @ 173.85 DBR +216.1 / MWC +35bps / HR 62%. MWC: B+35bp. Par Call: 3m;

Deal Comments

Active Bookrunners: IMI, BNP, HSB, BBV, NAT, SNT. Passive Bookrunners: ING, BNT, MBC, CAG, CAI, CTI

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