5 yr: Registration: Reg S Only; Comments: EUR500m 5yr . Had R/S, feedback in the MS+low 200s, IPTs MS+220area, guide MS+195/200 wpir, final 500m at MS+195 on bks closed c.2.3bn pre rec. Unrated. CA/HSBC/ING(B&D)/Nat/SG. CoC/3mPC/MWC B+40/Clean Up Call. Bund 2% 1/22+249.4 @112.25/HR87%;