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	€500		1	EMEA	Jan 19, 2023

Tranche #1Crelan SA/NV

currency

EUR

size (m)

500.000

maturity

Jan 26, 2028

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Senior

moody's

Baa3

s&p

fitch

re-open/tap

ipt

MS+325 a

ipt-pxd

guidance

spread

315

coupon

5.75%

spread set

price

99.53100

yield

5.861%

book size (m)

950

peak book (m)

x-covered

1.9

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

950

peak book (m)

x-covered

1.9

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 950; Registration: Reg S Only; Comments: EUR500m exp 5yr SNP RegS. Baa3. CA-CIB/DB/ING/JPM(B&D)/Santan. IPTs MS+325 area, set MS+315, launch 500m. Final books c. 950. B+375.5bps over OBL 1.3 27 #186 @96.400, HR 97%. Tax Call: Yes. Regulatory Call: Yes (MREL Disqualification Event);

Deal Comments

Non-Preferred Bond

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