Transnet SOC Ltd (SAFTRA)

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Transnet SOC Ltd (SAFTRA)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
HYC	INDS	PRCD	SAFTRA	Transnet SOC Ltd	$1,000		1	EMEA	Jan 30, 2023

Tranche #1Transnet SOC Ltd

currency

USD

size (m)

1,000.000

maturity

Feb 6, 2028

type

Fixed

tenor

5.000

call

registration

144A/Reg S

benchmark

Tsy

ranking

Sr. Unsecured

moody's

Ba3

s&p

BB-

fitch

size description

re-open/tap

ipt

8.625% a

ipt-pxd

guidance

8.25-8.375%

spread

457.1

coupon

8.25%

spread set

price

100.00000

yield

8.25%

book size (m)

3,000

peak book (m)

x-covered

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

3,000

peak book (m)

x-covered

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 3000; Registration: 144A/Reg S; Comments: USD1bn 5yr bmk snr unsec RegS/144A. Ba3/BB-/NR. Absa/JPM(B&D)/StanBk. IPTs 8.625% area, guidance 8.25-8.375% WPIR for 1bn, launch 8.25%. Books subject 3bn ex JLM (Peak 3.2bn). T+457.1. FTT 8am 1st Feb. CoC: 101% Put. Distribution: UK & Ire 48.26%, N.America 31.56%, R.Eur 8.54%, Dach 7.43%, R.o.World 3.67%, S.Africa 0.55%. AMs 79.46%, Banks 4.36%, HF 9.82%, Ins 4.2%, Others 2.17%. LEI: 378900B07CD6F01EA796;

Use of Proceeds

To fund repayment of all/part of bridge-to-bond facility, Capital Investment Plan and/or general corporate purposes

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