WPC Eurobond BV (WPC)

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WPC Eurobond BV (WPC)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	REAL	PRCD	WPC	WPC Eurobond BV	€525		1	EMEA	Feb 22, 2021

Tranche #1WPC Eurobond BV

currency

EUR

size (m)

525.000

maturity

Jun 1, 2030

type

Fixed

tenor

9.000

call

registration

SEC Registered

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+135-140

ipt-pxd

guidance

MS+110-115

spread

110

coupon

spread set

price

99.33500

yield

1.026%

book size (m)

1,900

peak book (m)

x-covered

3.62

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,900

peak book (m)

x-covered

3.62

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

9 yr: Book size: 1900; Registration: SEC Registered; Comments: EUR525m (upsized from US$500m) Jun 2030 long 9yr snr unsec SEC Regd. Baa2/BBB. Barc(B&D)/BofA/WFS. IPTs MS+135/+140, guidance MS+110/+115 WPIR, launch 525m @MS+110, bk >1.9bn pre rec @guidance, peak >2.1bn, MWC B+25, 3mPC. UOP redeem 2% 2023s+GCP. Short first. DBR 0% 02/30 @ 103.88 (HR 94%), B+144.9bps;

Guarantor(s)

WP Carey Inc

Use of Proceeds

Repay debt and general corporate purposes

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