Hera SpA (HERIM)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	HERIM	Hera SpA	€600		1	EMEA	Apr 13, 2023

Tranche #1Hera SpA

currency

EUR

size (m)

600.000

maturity

Apr 20, 2033

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB+

fitch

size description

re-open/tap

ipt

MS+170 a

ipt-pxd

guidance

MS+140 a

spread

135

coupon

4.25%

spread set

price

99.52100

yield

4.31%

book size (m)

2,400

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

2,400

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

10 yr: Book size: 2400; Registration: Reg S Only; Comments: EUR600m(upsized from EUR500m) 10yr snr unsec bmk SLB RegS. Baa2/BBB+. Actives BNPP/CA-CIB/IMI/Medio/Santan/Uni(B&D). Others Akros/Barc/BBVA/BPER/CaixaBank/DB/MPS. IPTs MS+170 area, guidance MS+140 area for 600m, launch MS+135. Final books 2.4bn (peak 2.7bn+). DBR 2.3 Feb-33 + 197.9 bps (Px: 99.720) ; HR 92%. FTT 3:20pm UK. Par Call: 3m. Cleanup Call: 80%. CoC: 100%. MWC: B+30bps. LEI: 8156009414FD99443B48;

Deal Comments

Sustainability-Linked Bonds

Use of Proceeds

Refinancing and general corporate purposes

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