3.9 yr: Book size: 200; Registration: Reg S Only; Comments: EUR125m tap of 200m 3.95% July 2025 old 5.25yr. -/BBB+. DB/HSBC(B&D). IPTs 2.625% area (~MS+300a), set 2.5%, launch 125m. Bk >200m, peak >230m, 68 days AI, 40 day funge, MS+286.8 / DBR 0 ½ 02/15/25 + 322.5 (104.274 bid). LEI: 635400ILKD2MBMANBG03 ;