Koninklijke Philips NV (PHIANA)

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Koninklijke Philips NV (PHIANA)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	PHIANA	Koninklijke Philips NV	€2,000		3	EMEA	Apr 28, 2022

Tranche #1Koninklijke Philips NV

currency

EUR

size (m)

750.000

maturity

May 5, 2027

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB+

fitch

size description

re-open/tap

ipt

MS+85 a

ipt-pxd

guidance

MS+65 a

spread

coupon

1.875%

spread set

price

99.45800

yield

1.99%

book size (m)

1,900

peak book (m)

x-covered

2.53

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

1,900

peak book (m)

x-covered

2.53

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche #2Koninklijke Philips NV

currency

EUR

size (m)

650.000

maturity

Nov 5, 2029

type

Fixed

tenor

7.500

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB+

fitch

size description

re-open/tap

ipt

MS+100 a

ipt-pxd

guidance

MS+75 a

spread

coupon

2.125%

spread set

price

99.16500

yield

2.248%

book size (m)

2,600

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

2,600

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche #3Koninklijke Philips NV

currency

EUR

size (m)

600.000

maturity

May 30, 2033

type

Fixed

tenor

11.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB+

fitch

size description

re-open/tap

ipt

MS+120 a

ipt-pxd

guidance

MS+100 a

spread

coupon

2.625%

spread set

price

99.47300

yield

2.681%

book size (m)

1,900

peak book (m)

x-covered

3.17

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

1,900

peak book (m)

x-covered

3.17

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 1900; First Pay: 2023-05-05; Registration: Reg S Only; Comments: EUR750m(Upsized from EUR700m) bmk 3-tranche snr unsec RegS. Baa1/BBB+. BBVA/BofA(B&D)/ING/JPM/MS. IPTs 5yr conventional MS+85 area, 7.5yr green innovation MS+100 area, 11yr sustainable MS+120 area. Guidance MS+65a for exp 700m, +75a for exp 600m, +100a for exp 600m, launch 750m MS+60 / 650m MS+70 / 600m MS+95, bks >1.6bn/>2.3bn/>1.7bn, peak >1.9bn/>2.6bn/>1.9bn. OBL 0 04/27 185 @Reference Spot: 96.89 / B+135 | DBR 0 08/15/29 @ 94.62 / B+148.6 | DBR 0 02/15/32 @ 91.57 / B+177.8|. FTT 4.40pm. CoC: Yes. LEI: H1FJE8H61JGM1JSGM897. MWC: B+20. Par Call: 3m. Cleanup Call: 75%; 7.5 yr: Book size: 2600; First Pay: 2022-11-05; Registration: Reg S Only; Comments: EUR650m(Upsized from EUR600m) bmk 3-tranche snr unsec RegS. Baa1/BBB+. BBVA/BofA(B&D)/ING/JPM/MS. IPTs 5yr conventional MS+85 area, 7.5yr green innovation MS+100 area, 11yr sustainable MS+120 area. Guidance MS+65a for exp 700m, +75a for exp 600m, +100a for exp 600m, launch 750m MS+60 / 650m MS+70 / 600m MS+95, bks >1.6bn/>2.3bn/>1.7bn, peak >1.9bn/>2.6bn/>1.9bn. OBL 0 04/27 185 @Reference Spot: 96.89 / B+135 | DBR 0 08/15/29 @ 94.62 / B+148.6 | DBR 0 02/15/32 @ 91.57 / B+177.8|. FTT 4.40pm. CoC: Yes. LEI: H1FJE8H61JGM1JSGM897. MWC: B+25. Par Call: 3m. Cleanup Call: 75%; 11 yr: Book size: 1900; First Pay: 2023-05-05; Registration: Reg S Only; Comments: EUR600m bmk 3-tranche snr unsec RegS. Baa1/BBB+. BBVA/BofA(B&D)/ING/JPM/MS. IPTs 5yr conventional MS+85 area, 7.5yr green innovation MS+100 area, 11yr sustainable MS+120 area. Guidance MS+65a for exp 700m, +75a for exp 600m, +100a for exp 600m, launch 750m MS+60 / 650m MS+70 / 600m MS+95, bks >1.6bn/>2.3bn/>1.7bn, peak >1.9bn/>2.6bn/>1.9bn. OBL 0 04/27 185 @Reference Spot: 96.89 / B+135 | DBR 0 08/15/29 @ 94.62 / B+148.6 | DBR 0 02/15/32 @ 91.57 / B+177.8|. FTT 4.40pm. CoC: Yes. LEI: H1FJE8H61JGM1JSGM897. MWC: B+30. Par Call: 3m. Cleanup Call: 75%;

Deal Comments

7.5 yr: Green Bond; 11 yr: Sustainable Bond

Use of Proceeds

5 yr: General Corporate Purposes. 7.5 yr: Refinancing Eligible Green Projects. 11 yr: Refinancing Eligible Sustainability Projects.

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Koninklijke Philips NV (PHIANA)

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