FNM SpA (FNM)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	INDS	PRCD	FNM	FNM SpA	€650		1	EMEA	Oct 13, 2021

Tranche #1FNM SpA

currency

EUR

size (m)

650.000

maturity

Oct 20, 2026

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa3

s&p

fitch

BBB-

re-open/tap

ipt

MS+120 a

ipt-pxd

guidance

MS+95 a

spread

coupon

0.75%

spread set

price

99.82400

yield

0.786%

book size (m)

2,200

peak book (m)

x-covered

3.38

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,200

peak book (m)

x-covered

3.38

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 2200; Registration: Reg S Only; Comments: EUR650m 5yr snr unsec RegS. Baa3/NR/BBB-. GCs BNPP/BcaIMI(B&D)/JPM. IPTs MS+120 area (BTP +95/+100), guidance MS+95 area for 650m, launch MS+88, bk >2.2bn pre rec @guidance. MWC B+20, 3mPC. DBR 0% Aug-2026 + 129.8bps (Px: 102.51); HR 98%. FTT 4.45pm. LEI: 815600AB6FA8AADC8739;

Use of Proceeds

Refinancing and general corporate purposes

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