Crelan SA/NV (CRELAN)

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Crelan SA/NV (CRELAN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	CRELAN	Crelan SA/NV	€300		1	EMEA	Sep 13, 2022

Tranche #1Crelan SA/NV

currency

EUR

size (m)

300.000

maturity

Oct 31, 2025

type

Fixed

tenor

3.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Senior

moody's

Baa3

s&p

fitch

re-open/tap

ipt

MS+310 a

ipt-pxd

guidance

MS+310

spread

310

coupon

5.375%

spread set

price

99.70700

yield

5.485%

book size (m)

350

peak book (m)

x-covered

1.17

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

350

peak book (m)

x-covered

1.17

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

3 yr: Book size: 350; First Pay: 2022-10-31; Registration: Reg S Only; Comments: EUR300m short dated fxd-FRN SNP RegS. Baa3. GloCos/actives DB(arranger/struct/DM/B&D)/CA-CIB, actives ING/Natx. Exp 500m WNG 3.5NC2.5. IPTs MS+310 area. Guidance MS+310# for 300m(exp). Final MS+310 for 300m. Bks 350m+ ex-JLM. vs OBL 0 10/25 #182 @95.95, HR 96%, +412.9. Regulatory Call: Yes on MREL Disqualification Event.Tax Call: Yes.;

Deal Comments

Non Preferred Note

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