BASF SE (BAS)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	MTRL	PRCD	BAS	BASF SE	€1,500		3	EMEA	Feb 28, 2023

Tranche #1BASF SE

currency

EUR

size (m)

500.000

maturity

Mar 8, 2029

type

Fixed

tenor

6.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+80 a

ipt-pxd

guidance

spread

coupon

4.00%

spread set

price

99.74400

yield

4.049%

book size (m)

1,000

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,000

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2BASF SE

currency

EUR

size (m)

500.000

maturity

Mar 8, 2032

type

Fixed

tenor

9.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+110 a

ipt-pxd

guidance

spread

105

coupon

4.25%

spread set

price

99.80900

yield

4.276%

book size (m)

1,100

peak book (m)

x-covered

2.2

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,100

peak book (m)

x-covered

2.2

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #3BASF SE

currency

EUR

size (m)

500.000

maturity

Mar 8, 2035

type

Fixed

tenor

12.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+130 a

ipt-pxd

guidance

spread

130

coupon

4.50%

spread set

price

99.86300

yield

4.515%

book size (m)

940

peak book (m)

x-covered

1.88

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

940

peak book (m)

x-covered

1.88

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

6 yr: Book size: 1000; Registration: Reg S Only; Comments: EUR500m part of 3-tr 6yr snr unsec bmk RegS. A3/A/A. Barc/BBVA/Citi(B&D, 6yr & 9yr)/GSBE(B&D, 12yr)/MUFG/NatWest. IPTs 6yr MS+80 area. Set MS+75. Launch 500m. Books 1bn+ pre-rec good at guidance. HR 104% vs DBR 0.25% 02/29, B+139.5. Tax Call: Yes. Par Call: 3m. Cleanup Call: 75%. MWC: B+25bp. CoC: Yes. LEI: 529900PM64WH8AF1E917; 9 yr: Book size: 1100; Registration: Reg S Only; Comments: EUR500m part of 3-tr 9yr snr unsec bmk RegS. A3/A/A. Barc/BBVA/Citi(B&D, 6yr & 9yr)/GSBE(B&D, 12yr)/MUFG/NatWest. IPTs 9yr MS+110 area. Set MS+105. Launch 500m. Books 1.1bn+ , pre-rec good at guidance. HR 106% vs DBR 0% 02/32, B+168.4. Tax Call: Yes. Par Call: 3m. Cleanup Call: 75%. MWC: B+30bp. CoC: Yes. LEI: 529900PM64WH8AF1E917; 12 yr: Book size: 940; Registration: Reg S Only; Comments: EUR500m part of 3-tr 12yr snr unsec bmk RegS. A3/A/A. Barc/BBVA/Citi(B&D, 6yr & 9yr)/GSBE(B&D, 12yr)/MUFG/NatWest. IPTs 12yr MS+130 area. Set MS+130. Launch 500m. Books 940m+, pre-rec good at guidance. HR 106% vs DBR 0% 05/35, B+ 181.8. Tax Call: Yes. Par Call: 3m. Cleanup Call: 75%. MWC: B+30bp. CoC: Yes. LEI: 529900PM64WH8AF1E917;

Deal Comments

Joint Bookrunners: CTI (B&D)(6yr/9yr), GSC (B&D)(12yr), BRC, BBV, MUF, NTW

Use of Proceeds

General Corporate Purposes

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