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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
UTIL
PRCD
-
Diamond II$400
1EMEA
Apr 19, 2023
currency
USD
size (m)
400.000
maturity
Jul 28, 2026
type
Fixed
tenor
3.250
call
-
registration
144A/Reg S
benchmark
YLD
ranking
Sr. Secured
moody's
Ba3
s&p
-
fitch
BB-
size description
-
re-open/tap
No
ipt
8.50% a
ipt-pxd
-
guidance
8.20% a
spread
-
coupon
7.95%
spread set
-
price
99.38200
yield
8.15%
book size (m)
1,500
peak book (m)
-
x-covered
3.75
book attrition
-
nic
-
left lead
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,500
peak book (m)
-
x-covered
3.75
book attrition
-
nic
-
left lead
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
3.25 yr: Book size: 1500; First Pay: 2024-01-28; Redemption: 2025-07-28; Registration: 144A/Reg S; Comments: USD400m 3.25NC2.25 (50/par) snr sec green RegS/144A Yankee. Ba3/NR/BB-. Barc(B&D)/DB/HSBC/JPM/StCh/BNPP/DBS/MUFG/SMBCNikko/SG/Miz. IPG Yld 8.5% area, fpg Yld 8.2% area (+/5 WPIR), launch 8.15% for 400m. Books c.1.5bn (300k prop). MWC: Yes until 27 July 2025. CoC: 101%. Reset Date: 2025-07-28. Call Schedule: 2025-07-28 @103.975, 2026-01-28 @100.0. Distribution: APAC 35%, EMEA 34%, US 31%. AM 74%, HF/Brokers 12%, Ins/OI 11%, PB/Other 3%;
Deal Comments
Green Bond
Guarantor(s)
ReNew Energy Global PLC
Use of Proceeds
Capital expenditure and debt payments