Grand City Properties SA (GYCGR)

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Grand City Properties SA (GYCGR)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	REAL	PRCD	GYCGR	Grand City Properties SA	€700		1	EMEA	Dec 3, 2020

Tranche #1Grand City Properties SA

currency

EUR

size (m)

700.000

maturity

type

Fixed

tenor

call

registration

Reg S Only

benchmark

Swaps

ranking

moody's

Baa3

s&p

BBB-

fitch

size description

re-open/tap

ipt

2.375% a

ipt-pxd

guidance

spread

218.4

coupon

1.5%

spread set

price

98.70300

yield

1.75%

book size (m)

3,500

peak book (m)

x-covered

book attrition

nic

-10

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

3,500

peak book (m)

x-covered

book attrition

nic

-10

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

P NC 5: Book size: 3500; Redemption: 2026-06-09; Registration: Reg S Only; Comments: EUR700m PNC5.5yr hybrid RegS. Baa3/BBB-. DB/GS/JPM(B&D)/Nomura/Santan. IPTs 2.375% area, guidance 2% (+/-12.5). Launch 700m at 1.75% ann yld, bk >3.5bn (tight end, pre rec), 3mPC, 25bp step 6/31, 75bp 6/46. Initial/reset MS+218.4, 3mPC. FTT 4.30pm;

Deal Comments

Hybrid

Use of Proceeds

General Corporate Purposes

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Grand City Properties SA (GYCGR)

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