Elia Group SA/NV (fka Elia System Operator SA/NV) (ELIASO)

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Elia Group SA/NV (fka Elia System Operator SA/NV) (ELIASO)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	ELIASO	Elia Group SA/NV (fka Elia System Operator SA/NV)	€500		1	EMEA	Mar 8, 2023

Tranche #1Elia Group SA/NV (fka Elia System Operator SA/NV)

currency

EUR

size (m)

500.000

maturity

type

Fixed

tenor

call

registration

Reg S Only

benchmark

Swaps

ranking

moody's

s&p

BBB-

fitch

size description

re-open/tap

ipt

6.375-6.50%

ipt-pxd

guidance

6.00% a (+/-12.5)

spread

250.6

coupon

5.85%

spread set

price

99.92100

yield

5.875%

book size (m)

2,900

peak book (m)

x-covered

5.8

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,900

peak book (m)

x-covered

5.8

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

P NC 5.25: Book size: 2900; Redemption: 2028-03-15; Registration: Reg S Only; Comments: EUR500m WNG perp NC5.25 hybrid RegS. NR/BBB-. Citi(GloCo/struc/logs/B&D)/BNPP/NatWest. IPTs 6.375%-6.5% yld, guidance 6% area (+/-0.125% WPIR), launch 5.875%. Bks subj 2.9bn+ (pre rec @guidance). DBR 0.5% 02/28 + 308.4 (px 89.57). With tender for 700m 9/23 callable hybrids. Tax Call: Yes. Reset Date: 2028-06-15. Par Call: 3m. MWC: B+50bps. Regulatory Call: Yes (Accounting Event). LEI: 549300S1MP1NFDIKT460;

Deal Comments

Hybrid Bond

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Elia Group SA/NV (fka Elia System Operator SA/NV) (ELIASO)

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