Smith & Nephew PLC (SNLN)

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Smith & Nephew PLC (SNLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	HLTH	PRCD	SNLN	Smith & Nephew PLC	€500		1	EMEA	Oct 4, 2022

Tranche #1Smith & Nephew PLC

currency

EUR

size (m)

500.000

maturity

Oct 11, 2029

type

Fixed

tenor

7.000

call

registration

SEC Registered

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB+

fitch

size description

re-open/tap

ipt

MS+225 a

ipt-pxd

guidance

MS+195 a

spread

185

coupon

4.565%

spread set

price

100.00000

yield

4.565%

book size (m)

4,250

peak book (m)

x-covered

8.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

4,250

peak book (m)

x-covered

8.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

7 yr: Book size: 4250; First Pay: 2023-10-11; Redemption: 2029-07-11; Registration: SEC Registered; Comments: EUR500m WNG 7yr snr unsec bmk SEC regd. Baa2/BBB+. BofA/Miz/SMBCNikko(B&D)/SG. IPTs MS+225 area, guidance MS+195 area, launch MS+185 for 500m. Books final 4.25bn. DBR 0% 08/2029 (@ 88.98) / HR 98%, B+284.8. Par Call: 3m. MWC: B+45bps. CoC: 100%. LEI: 213800ZTMDN8S67S1H61;

Use of Proceeds

Repay debt and for general corporate purposes

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