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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COMM
PRCD
CAS
CAS Capital No 1 Ltd$600
1APAC
Jan 5, 2021
currency
USD
size (m)
600.000
maturity
-
type
Fixed
tenor
-
call
-
registration
Reg S Only
benchmark
Tsy
ranking
-
moody's
Ba2
s&p
BB
fitch
-
re-open/tap
No
ipt
4.25% a
ipt-pxd
-
guidance
4%
spread
346.2
coupon
4%
spread set
-
price
100.00000
yield
4%
book size (m)
1,750
peak book (m)
-
x-covered
2.92
book attrition
-
nic
-
left lead
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,750
peak book (m)
-
x-covered
2.92
book attrition
-
nic
-
left lead
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Perp NC 5.5: Book size: 1750; Redemption: 2026-07-12; Registration: Reg S Only; Comments: USD600m hybrid, sub perpNC5.5 RegS only. Ba2/BB. DB/JPM(B&D)/HSBC/Miz/StCh/UBS. 4% (the #). 4.25% area. Repay bank debt. Reset yr 5.5, step-up 25bps from year 10.5, additional 75bps from year 25.5. Books>US$2.25bn at FPG. Initial T+346.2 vs 0.375% 12/25 @ 100-02.75. Distribution: APAC 85% EMEA 15%. AM/FM 75%, PB 22%, Other 3%;
Deal Comments
Hybrid Bond
Guarantor(s)
CAS Holding No. 1 Ltd
Use of Proceeds
Repay bank debt

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