Hero AG (HERSW)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	CONS	PRCD	HERSW	Hero AG	CHF100		1	EMEA	May 11, 2023

Tranche #1Hero AG

currency

CHF

size (m)

100.000

maturity

type

Fixed

tenor

Perp

call

5.10

registration

benchmark

Swaps

ranking

Subordinated

moody's

s&p

fitch

size description

re-open/tap

ipt

4.875%-5.375%

ipt-pxd

guidance

5.00-%5.25%

spread

335.75

coupon

5.00%

spread set

price

100.00000

yield

5.002%

book size (m)

100

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

100

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

P NC 5.1: Book size: 100; Comments: CHF100m perp NC5.1 hybrid. UBS/ZKB/CS(coman). IPTs 4.875%/5.375% cpn (MS+316.5/+366.5), guidance 5%/5.25% cpn (MS+329.5/+379.5) for min 100m. Bks 100m+, came 100m at 5% / MS+335.75 / 5.0002%. LEI: 529900099NYPCG4OHS15. Tax Call: Yes. Reset Date: 2028-07-05. Par Call: 3m. Cleanup Call: 75%. CoC: Yes, 250bp step. Distribution: Switz 100%. Bks/PB 83.5%, PF 5.75%, Tsy 5.5%, Ins 3.25%, AM 2%;

Deal Comments

Hybrid Bond

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Hero AG (HERSW)

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