BASF SE (BAS)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	MTRL	PRCD	BAS	BASF SE	€1,500		2	EMEA	Jun 22, 2022

Tranche #1BASF SE

currency

EUR

size (m)

750.000

maturity

Jun 29, 2028

type

Fixed

tenor

6.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+120 a

ipt-pxd

guidance

MS+105 a

spread

100

coupon

3.125%

spread set

price

99.43600

yield

3.23%

book size (m)

1,600

peak book (m)

x-covered

2.13

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

2.13

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2BASF SE

currency

EUR

size (m)

750.000

maturity

Jun 29, 2032

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+165 a

ipt-pxd

guidance

MS+145 a

spread

140

coupon

3.75%

spread set

price

99.49200

yield

3.812%

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 Comments

6 yr: Book size: 1600; Registration: Reg S Only; Comments: EUR750m 2-tranche 6yr/10yr snr unsec RegS. A3/A/A. BNPP(B&D)/CMZ/DB/ING/Santan/SG/Uni. IPTs 6yr MS+120 area, 10yr MS+165 area, guidance MS+105a/MS+145a. Exp 1.25-max 1.5bn total. Launch 750m each MS+100//MS+140, bks >1.6bn/>1.9bn, peak >1.7bn/>2.2bn, DBR 0.5 02/28 (@94.76) + 175.6 | DBR 0 02/32 (@85.62) + 219 FTT 4pm. LEI: 529900PM64WH8AF1E917. Tax Call: Yes. Par Call: 3m. Cleanup Call: 75%. MWC: B+30bps. CoC: Yes; 10 yr: Book size: 1900; Registration: Reg S Only; Comments: EUR750m 2-tranche 6yr/10yr snr unsec RegS. A3/A/A. BNPP(B&D)/CMZ/DB/ING/Santan/SG/Uni. IPTs 6yr MS+120 area, 10yr MS+165 area, guidance MS+105a/MS+145a. Exp 1.25-max 1.5bn total. Launch 750m each MS+100//MS+140, bks >1.6bn/>1.9bn, peak >1.7bn/>2.2bn, DBR 0.5 02/28 (@94.76) + 175.6 | DBR 0 02/32 (@85.62) + 219 FTT 4pm. LEI: 529900PM64WH8AF1E917. Tax Call: Yes. Par Call: 3m. Cleanup Call: 75%. MWC: B+35bps. CoC: Yes;

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