Pirelli & C SpA (PIRC)

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Pirelli & C SpA (PIRC)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	PIRC	Pirelli & C SpA	€600		1	EMEA	Jan 11, 2023

Tranche #1Pirelli & C SpA

currency

EUR

size (m)

600.000

maturity

Jan 18, 2028

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB-

fitch

BBB-

size description

re-open/tap

ipt

MS+190-200

ipt-pxd

guidance

MS+160 a

spread

145

coupon

4.25%

spread set

price

99.70400

yield

4.317%

book size (m)

3,400

peak book (m)

x-covered

5.67

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

3,400

peak book (m)

x-covered

5.67

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 3400; Registration: Reg S Only; Comments: EUR600m 5yr SLB bmk snr unsec RegS. BBB-/BBB-. GloCos BNPP(Log)/BofA(B&D), JBs Barc/DB/IMI/Miz/Uni. IPTs MS+190/+200, guidance MS+160 area for 600m, launch MS+145. Final books 3.4bn (peak 4.5bn) . DBR 0% 11/27, B+209.7 (Px 89.92), HR: 103%. FTT 4:15pm. Par Call: 1m. MWC: B+35bps. CoC: Yes. LEI: 815600A0C9AFC1F2A709;

Deal Comments

Sustainability-Linked Bond

Guarantor(s)

Pirelli Tyre SpA

Use of Proceeds

General Corporate Purposes

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