Danfoss Finance I BV (DNFSDC)

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Danfoss Finance I BV (DNFSDC)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	INDS	PRCD	DNFSDCDNFSDC	Danfoss Finance I BV, Danfoss Finance II BV	€1,900		3	EMEA	Apr 21, 2021

Tranche #1Danfoss Finance I BV, Danfoss Finance II BV

currency

EUR

size (m)

700.000

maturity

Apr 28, 2026

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+75 a

ipt-pxd

guidance

MS+50 a

spread

coupon

0.125%

spread set

price

99.89500

yield

0.146%

book size (m)

2,400

peak book (m)

x-covered

3.43

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,400

peak book (m)

x-covered

3.43

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Danfoss Finance I BV, Danfoss Finance II BV

currency

EUR

size (m)

700.000

maturity

Oct 28, 2028

type

Fixed

tenor

7.500

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+90 a

ipt-pxd

guidance

MS+65-70

spread

coupon

0.375%

spread set

price

99.15500

yield

0.49%

book size (m)

2,800

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,800

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #3Danfoss Finance I BV, Danfoss Finance II BV

currency

EUR

size (m)

500.000

maturity

Apr 28, 2031

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+105 a

ipt-pxd

guidance

MS+80 a

spread

coupon

0.75%

spread set

price

99.77900

yield

0.773%

book size (m)

3,100

peak book (m)

x-covered

6.2

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

3,100

peak book (m)

x-covered

6.2

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 2400; Registration: Reg S Only; Comments: EUR700m 5yr fxd, snr unsec, bmk RegS. With 7.5yr/10yr, total ~1.9bn. BBB(S&P). BNPP/Citi/(B&D)Danske/Nordea/SEB. IPTs MS+75 area, guidance MS+50 area for 700m, set MS+45, bk 2.4bn, peak ~3.1bn. MWC B+15, 3mPC. OBL 0 04/26 @ 103.07 (HR 97%)+75.3. FTT 7.45am Thurs. LEI: 549300LGLOQFR0NQEZ82.; 7.5 yr: Book size: 2800; Registration: Reg S Only; Comments: EUR700m 7.5yr fxd, snr unsec, bmk RegS. With 5yr/10yr, total ~1.9bn. BBB(S&P). BNPP/Citi(B&D)/Danske/Nordea/SEB. IPTs MS+90 area, guidance MS+65/+70 for 700m, set MS+60, bk 2.8bn, peak ~3.1bn. MWC B+15, 3mPC. Short first. DBR 0.25% 08/28 +95.7@ 105.35 (HR 95%). LEI: 549300LGLOQFR0NQEZ82.; 10 yr: Book size: 3100; Registration: Reg S Only; Comments: EUR500m WNG 10yr fxd, snr unsec, bmk RegS. With 5yr/7.5yr, total ~1.9bn. BBB(S&P). BNPP/Citi(B&D)/Danske/Nordea/SEB. IPTs MS+105 area, guidance MS+80 area for 500m, set MS+70. Bk ~3.1bn, peak >3.6bn. MWC B+20, 3mPC. DBR 0% 02/31+103.6 @ 102.62 (HR 95%). FTT 7.45am Thurs. LEI: 549300NZCU7GI52SSK89.;

Guarantor(s)

Danfoss A/S & Danfoss Power Solutions Inc

Use of Proceeds

Merger & Acquistion

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