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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
INDS
PRCD
FDX
FedEx Corp€1,250
2USOA
Apr 20, 2021
currency
EUR
size (m)
600.000
maturity
May 4, 2029
type
Fixed
tenor
8.000
call
-
registration
SEC Registered
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa2
s&p
BBB
fitch
-
size description
-
re-open/tap
No
ipt
MS+80-85
ipt-pxd
-
guidance
MS+55-60
spread
55
coupon
0.45%
spread set
-
price
99.62400
yield
0.498%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
650.000
maturity
May 4, 2033
type
Fixed
tenor
12.000
call
-
registration
SEC Registered
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa2
s&p
BBB
fitch
-
size description
-
re-open/tap
No
ipt
MS+105 a
ipt-pxd
-
guidance
MS+80 a
spread
77
coupon
0.95%
spread set
-
price
99.57200
yield
0.988%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
7
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
7
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
8 yr: Registration: SEC Registered; Comments: EUR600m 8yr sustainability snr unsec SEC Regd. With 12yr . Baa2/BBB. ING(struc/B&D)/Miz. IPTs MS+80/+85, guidance MS+55/+60, launch 600m @MS+55. MWC B+15, 3mPC. DBR 0.25% 02/29 (105.25%, HR 95%) +90.7. LEI: 549300E707U7WNPZN687. CoC: 101%; 12 yr: Registration: SEC Registered; Comments: EUR650m 12yr snr unsec SEC Regd. With 8yr sustainability, max total 1.25bn. Baa2/BBB. ING(struc/B&D)/Miz. IPTs MS+105 area, guidance MS+80 area, launch 650m at MS+77. MWC B+20, 3mPC. DBR 0% 02/31 (102.42%, HR 111%) +123.1. LEI: 549300E707U7WNPZN687. CoC: 101%;
Deal Comments
Green Bond
Guarantor(s)
FedEx Express Corp, FedEx Ground Package System Inc, FedEx Freight Corp, FedEx Freight Inc, FedEx Corporate Services Inc, FedEx Office and Print Services Inc, Federal Express Europe Inc, Federal Express Holdings SA LLC, Federal Express International Inc
Use of Proceeds
8yr: Refinancing of Eligible Projects; 12yr: Redeem notes

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