Merck Financial Services GmbH (MRCG)

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Merck Financial Services GmbH (MRCG)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	HLTH	PRCD	MRCG	Merck Financial Services GmbH	€1,000		2	EMEA	Jun 8, 2022

Tranche #1Merck Financial Services GmbH

currency

EUR

size (m)

500.000

maturity

Jun 15, 2026

type

Fixed

tenor

4.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+55-60

ipt-pxd

guidance

MS+30-35

spread

coupon

1.875%

spread set

price

99.82500

yield

1.921%

book size (m)

1,750

peak book (m)

x-covered

3.5

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

1,750

peak book (m)

x-covered

3.5

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche #2Merck Financial Services GmbH

currency

EUR

size (m)

500.000

maturity

Jun 15, 2030

type

Fixed

tenor

8.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+75-80

ipt-pxd

guidance

MS+50-55

spread

coupon

2.375%

spread set

price

99.49700

yield

2.445%

book size (m)

1,850

peak book (m)

x-covered

3.7

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

1,850

peak book (m)

x-covered

3.7

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

4 yr: Book size: 1750; Registration: Reg S Only; Comments: EUR500m 4y/8y 2-tranche bmk snr unsec RegS. A3/A/A-. BofA(B&D)/DB/JPM/Miz/Uni. IPTs 4yr EUR500m WNG MS+55/+60 , 8yr EUR500m WNG MS+75/+80, guidance MS+30/35/MS+-50/55, launch MS+25/MS+50, bks 1.75bn/1.85bn (4yr peak >2.15bn). OBL 0% 04/2026 (ref 96.475)+98.0 | DBR 0% 02/2030 (ref 91.15)+123.2. FTT 4.15pm. LEI: 549300OELEN3ZS5RB682. Tax Call: Yes. Par Call: 3m. Cleanup Call: 75%. MWC: B+15bps. CoC: Yes; 8 yr: Book size: 1850; Registration: Reg S Only; Comments: EUR500m 4y/8y 2-tranche bmk snr unsec RegS. A3/A/A-. BofA(B&D)/DB/JPM/Miz/Uni. IPTs 4yr EUR500m WNG MS+55/+60 , 8yr EUR500m WNG MS+75/+80, guidance MS+30/35/MS+-50/55, launch MS+25/MS+50, bks 1.75bn/1.85bn (4yr peak >2.15bn). OBL 0% 04/2026 (ref 96.475)+98.0 | DBR 0% 02/2030 (ref 91.15)+123.2. FTT 4.15pm. LEI: 549300OELEN3ZS5RB682. Tax Call: Yes. Par Call: 3m. Cleanup Call: 75%. MWC: B+20bps. CoC: Yes;

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