Stedin Holding NV (STEDIN)

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Stedin Holding NV (STEDIN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	STEDIN	Stedin Holding NV	€500		1	EMEA	Mar 23, 2021

Tranche #1Stedin Holding NV

currency

EUR

size (m)

500.000

maturity

type

Fixed

tenor

call

registration

Reg S Only

benchmark

Swaps

ranking

moody's

s&p

BBB

fitch

size description

re-open/tap

ipt

1.875% a

ipt-pxd

guidance

1.625% a

spread

177.1

coupon

1.5%

spread set

price

100.00000

yield

1.5%

book size (m)

2,100

peak book (m)

x-covered

4.2

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

4.2

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

P NC 6: Book size: 2100; Redemption: 2027-03-31; Registration: Reg S Only; Comments: EUR500m WNG PNC6yr bmk hybrid RegS. (Snr A-). GCs ING(B&D)/NatWest, JBs MUFG/Rabo. IPTs 1.875% area (ann yld), guidance 1.625% area, launch 1.5%, bk >2.1bn. With tender for 3.25% hyb. MWC B+35, 3mPC. MS+177.1 / DBR 0.25% 02/27 (105.33%) + 213.4bp;

Deal Comments

Hybrid Bond

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Stedin Holding NV (STEDIN)

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