Var Energi ASA (VARNO)

No results found for "".

Var Energi ASA (VARNO)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	ENGY	PRCD	VARNO	Var Energi ASA	€600		1	EMEA	Apr 26, 2023

Tranche #1Var Energi ASA

currency

EUR

size (m)

600.000

maturity

May 4, 2029

type

Fixed

tenor

6.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa3

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+280 a

ipt-pxd

guidance

MS+255-260

spread

250

coupon

5.50%

spread set

price

99.69600

yield

5.561%

book size (m)

1,900

peak book (m)

x-covered

3.17

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,900

peak book (m)

x-covered

3.17

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

6 yr: Book size: 1900; Registration: Reg S Only; Comments: EUR600m 6yr bmk snr unsec RegS. Baa3/BBB. Actives/GloCos: CA-CIB(log)/IMI/ING/SG(B&D)/Uni. Actives: BofA/Citi/DNB Markets/Natx/SMBC/WFS. Feedback MS+ mid to high 200s, IPTs MS+280 area for exp 500m, guidance MS+255/+260, launch MS+250 for 600m. Final books 1.9bn+ (Peak 2bn+). DBR 0.25% Feb 29, B+324.7 (Px 88.912), HR 99%. FTT 4:20pm. Par Call: 3m. Cleanup Call: 80%. MWC: B+50. CoC: 101%. LEI: 549300LIVN3FFOJN2K47;

Use of Proceeds

Refinancing and general corporate purposes

Hide Details

Explore all other Commentary & Deal Flow

Asset Backed Securities

sector/subsector profiles

High Yield

industry/subindustry profiles

Investment Grade

industry/subindustry profiles

Var Energi ASA (VARNO)

Deal Details

Commentary

Deal Flow