Eaton Capital ULC (ETN)

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Eaton Capital ULC (ETN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	INDS	PRCD	ETN	Eaton Capital ULC	€1,500		2	EMEA	Mar 3, 2021

Tranche #1Eaton Capital ULC

currency

EUR

size (m)

900.000

maturity

Mar 8, 2026

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa1

s&p

A-

fitch

BBB+

size description

re-open/tap

ipt

MS+70 a

ipt-pxd

guidance

spread

coupon

0.128%

spread set

price

100.00000

yield

0.128%

book size (m)

2,100

peak book (m)

x-covered

2.33

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,100

peak book (m)

x-covered

2.33

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Eaton Capital ULC

currency

EUR

size (m)

600.000

maturity

Mar 8, 2030

type

Fixed

tenor

9.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa1

s&p

A-

fitch

BBB+

size description

re-open/tap

ipt

MS+90 a

ipt-pxd

guidance

spread

coupon

0.577%

spread set

price

100.00000

yield

0.577%

book size (m)

2,000

peak book (m)

x-covered

3.33

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,000

peak book (m)

x-covered

3.33

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 2100; Registration: Reg S Only; Comments: EUR900m 5yr snr unsec RegS. With 9yr. Baa1/A-/BBB+. Citi(B&D)/JPM/MS. IPTs MS+70 area. Launch 900m @ MS+45. Bks >2.1bn pre rec @guidance. MWC B+15, 3mPC. DBR 0.5% Feb-26s (B+75.1bp) @ 105.665 / HR: 96%. LEI: 549300OLS85LSODKAF64; 9 yr: Book size: 2000; Registration: Reg S Only; Comments: EUR600m 9yr snr unsec RegS. With 5yr. Baa1/A-/BBB+. Citi(B&D)/JPM/MS. IPTs MS+90 area. Launch 600m @ MS+62. Bks >2bn pre rec @guidance, MWC B+15, 3mPC. | DBR 0% Feb-30s (B+93.4bp) @ 103.250 / HR: 94%. LEI: 549300OLS85LSODKAF64;

Guarantor(s)

Eaton Corp plc and certain direct and indirect subsidiaries of Eaton Corp plc

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