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	Jul 6, 2020

Tranche #1MERLIN Properties SOCIMI SA

currency

EUR

size (m)

500.000

maturity

Jul 13, 2027

type

Fixed

tenor

7.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+300 a

ipt-pxd

guidance

MS+285-290

spread

280

coupon

2.75%

spread set

price

99.08600

yield

2.519%

book size (m)

950

peak book (m)

x-covered

1.9

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

950

peak book (m)

x-covered

1.9

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

7 yr: Book size: 950; Registration: Reg S Only; Comments: EUR500m no-grow 7yr snr unsec. BBB S&P. Actives CaixaBank/CA-CIB/Citi/ING/Medio/SG(B&D). Passives in ticket. IPTs MS+300 area, guidance +285/+290, launch +280. Final books 950m+ (peak 1.1bn+). DBR 0.25% 02/2027 +315.2bps (105.975). MWC at B+50, 3m par call, clean-up call (80%), CoC. LEI: 959800L8KD863DP30X04;

Use of Proceeds

Refinancing and general corporate purposes

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