Sika AG (SIKASW)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	MTRL	PRCD	SIKASW	Sika AG	CHF650		3	EMEA	Mar 6, 2023

Tranche #1Sika AG

currency

CHF

size (m)

200.000

maturity

Oct 13, 2024

type

Fixed

tenor

1.500

call

registration

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

size description

re-open/tap

ipt

MS+15-12

ipt-pxd

guidance

spread

coupon

2.125%

spread set

price

100.09100

yield

2.066%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Sika AG

currency

CHF

size (m)

200.000

maturity

Apr 13, 2026

type

Fixed

tenor

3.000

call

registration

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

size description

re-open/tap

ipt

MS+20-25

ipt-pxd

guidance

spread

coupon

2.25%

spread set

price

100.33800

yield

2.133%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #3Sika AG

currency

CHF

size (m)

250.000

maturity

Apr 13, 2029

type

Fixed

tenor

6.000

call

registration

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

size description

re-open/tap

ipt

MS+29-34

ipt-pxd

guidance

spread

coupon

2.25%

spread set

price

100.11100

yield

2.23%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

1.5 yr: Comments: CHF200m (upsized from CHF100m) 1.5yr snr unsec. NR/A-. UBS/ZKB co-man. IPTs MS+15/+12. Set MS+15. Eidg+64, 2.066%. PP: Yes. XD: Yes. Par Call: 3m. Cleanup Call: 80%. CoC: Y. Acq Call: Y. LEI: 549300R3N69ECGYPU434. Distribution: Switz 100%. Bks/PB 68%, AM 23%, Ins 6%, PF 2%, Tsy 1%; 3 yr: Comments: CHF200m (upsized from CHF100m) 3yr snr unsec. NR/A-. UBS/ZKB co-man. IPTs MS+20/+25. Set MS+23 for 175m+. Eidg+70, 2.133%. PP: Yes. XD: Yes. Par Call: 3m. Cleanup Call: 80%. CoC: Y. Acq Call: Y. LEI: 549300R3N69ECGYPU434. Distribution: Switz 100%. Bks/PB 50%, Tsy 36%, PF 7%, AM 5%, Ins 2%; 6 yr: Comments: CHF250m (upsized from CHF100m) 6yr snr unsec. NR/A-. UBS/ZKB co-man. IPTs 6yr MS+29/+34. Set MS+32 for 225m+. Eidg+83, 2.23%. PP: Yes. XD: Yes. Par Call: 3m. Cleanup Call: 80%. CoC: Y. Acq Call: Y. LEI: 549300R3N69ECGYPU434. Distribution: Switz 100%. Bks/PB 29%, Tsy 22%, AM 21%, PF 18%, Ins 11%;

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Sika AG (SIKASW)

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