Lanxess AG (LXSGR)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	MTRL	PRCD	LXSGR	Lanxess AG	€600		1	EMEA	Nov 23, 2021

Tranche #1Lanxess AG

currency

EUR

size (m)

600.000

maturity

Dec 1, 2029

type

Fixed

tenor

8.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB-

fitch

size description

re-open/tap

ipt

MS+85 a

ipt-pxd

guidance

MS+70-75

spread

coupon

0.625%

spread set

price

99.12500

yield

0.738%

book size (m)

1,375

peak book (m)

x-covered

2.29

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,375

peak book (m)

x-covered

2.29

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

8 yr: Book size: 1375; Registration: Reg S Only; Comments: EUR600m 8yr snr unsec SLB RegS. Baa2/BBB-/NR/Scope BBB+/ISS ESG 2PO. Citi(log/B&D)/DB(struc)/DZ. IPTs MS+85 area for 500-600m, guidance MS+70 area (+/-5 WPIR) for exp 600m, launch 600m @ MS+65, bk >1.375bn pre rec @tight end, peak >1.55bn, DBR 0% Aug-29s @ 103.114 (B+113.4bp | HR: 96%). FTT 3pm. LEI: 529900PTLRE72EMYIJ77;

Deal Comments

Sustainable-Linked Bond

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Lanxess AG (LXSGR)

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