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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
ENGY
PRCD
-
Vestas Wind Systems Finance BV€1,000
2EMEA
Mar 8, 2022
currency
EUR
size (m)
500.000
maturity
Jun 15, 2029
type
Fixed
tenor
7.250
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa1
s&p
-
fitch
-
size description
-
re-open/tap
No
ipt
MS+115 a
ipt-pxd
-
guidance
MS+95 a
spread
88
coupon
1.50%
spread set
-
price
99.83300
yield
1.524%
book size (m)
1,600
peak book (m)
-
x-covered
3.2
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,600
peak book (m)
-
x-covered
3.2
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
500.000
maturity
Jun 15, 2034
type
Fixed
tenor
12.250
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa1
s&p
-
fitch
-
size description
-
re-open/tap
No
ipt
MS+145 a
ipt-pxd
-
guidance
MS+125 a
spread
120
coupon
2.00%
spread set
-
price
98.72100
yield
2.119%
book size (m)
1,100
peak book (m)
-
x-covered
2.2
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,100
peak book (m)
-
x-covered
2.2
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
7.25 yr: Book size: 1600; Registration: Reg S Only; Comments: EUR500m WNG long 7yr/ EUR500m WNG long 12yr snr unsec SLB RegS. Baa1/DNV 2PO. GloCos SEB/Uni, JBs Citi(log)/SG(B&D/DM). IPTs MS+115 area / MS+145 area for 7.25yr/12.25yr, guidance MS+95 area / MS+125 area, launch MS+88/MS+120, bks >1.6bn/?1.1bn, peak ~1.8bn/~1.5bn, Bund Spread: B + 163bps (HR 96%) vs DBR 0.25% 02/15/2029 @ 102.48 | | B + 200.5bps (HR 108%) vs DBR 0% 02/15/2032 @ 98.87. Tax Call: Yes. MWC B+25. CoC Call: Yes.; 12.25: Book size: 1100; Registration: Reg S Only; Comments: EUR500m WNG long 7yr/ EUR500m WNG long 12yr snr unsec SLB RegS. Baa1/DNV 2PO. GloCos SEB/Uni, JBs Citi(log)/SG(B&D/DM). IPTs MS+115 area / MS+145 area for 7.25yr/12.25yr, guidance MS+95 area / MS+125 area, launch MS+88/MS+120, bks >1.6bn/?1.1bn, peak ~1.8bn/~1.5bn, Bund Spread: B + 163bps (HR 96%) vs DBR 0.25% 02/15/2029 @ 102.48 | | B + 200.5bps (HR 108%) vs DBR 0% 02/15/2032 @ 98.87Tax Call: Yes. MWC B+30. CoC Call: Yes.;
Deal Comments
Sustainability Bonds
Guarantor(s)
Vestas Wind Systems A/S
Use of Proceeds
General corporate purposes

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