Log In
No results found for "".

Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
MTRL
PRCD
LXSGR
Lanxess AG€500
1EMEA
Nov 29, 2016
currency
EUR
size (m)
500.000
maturity
Jun 6, 2043
type
Fixed
tenor
60.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
-
moody's
Ba2
s&p
BB
fitch
-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
5-5.125%
spread
451
coupon
4.5%
spread set
-
price
98.65500
yield
4.75%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
60 yr: Redemption: 2023-06-06; Registration: Reg S Only; Comments: EUR500m WNG (from 500-750m heard) bmk 60NC6.5 hybrid. IPTs 5%/5.125%, guide 4.875% are a(+/-0.125%), final 4.775% with 4.5% cpn. Bks 2bn. Px 98.655/MS+451/Bund 1.5% 5/23+501 (111.457). R/S 16-18 Nov. Ba2/BB. BARC/BAML/DB/JPM. 25bp step 6/28, 75bp 6/43. 500bp CoC step.;

Commentary

Explore all other Commentary & Deal Flow

Deal Flow

Explore all other Commentary & Deal Flow