Fortum Oyj (FORTUM)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	FORTUM	Fortum Oyj	€1,150		2	EMEA	May 17, 2023

Tranche #1Fortum Oyj

currency

EUR

size (m)

500.000

maturity

May 26, 2028

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB

fitch

BBB

size description

re-open/tap

ipt

MS+120 a

ipt-pxd

guidance

spread

105

coupon

4.00%

spread set

price

99.68500

yield

4.071%

book size (m)

975

peak book (m)

x-covered

1.95

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

975

peak book (m)

x-covered

1.95

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Fortum Oyj

currency

EUR

size (m)

650.000

maturity

May 26, 2033

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB

fitch

BBB

size description

re-open/tap

ipt

MS+170 a

ipt-pxd

guidance

spread

155

coupon

4.50%

spread set

price

99.77900

yield

4.528%

book size (m)

1,275

peak book (m)

x-covered

1.96

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,275

peak book (m)

x-covered

1.96

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 975; Registration: Reg S Only; Comments: EUR500m 5yr snr unsec bmk RegS. BBB/BBB. GloCos Barc(log)/BNPP(B&D). JBs Danske/ING/Miz/Nordea. IPT MS+120 area. Set MS+105. Launch 500m. Final books ~975m (peak 1.1bn+). OBL 2.2% 04/2028 #187, HR 97%. B+176.8. FTT 4:15pm. Tax Call: Yes. Par Call: 3m. Cleanup Call: 80%. MWC: B+30. LEI: 635400IUIZZIUJSAMF76; 10 yr: Book size: 1275; Registration: Reg S Only; Comments: EUR650m 10yr snr unsec bmk RegS. BBB/BBB. GloCos Barc(log)/BNPP(B&D). JBs Danske/ING/Miz/Nordea. IPT MS+170 area. Set MS+155. Launch 650m. Final books ~1.275bn (peak 1.3bn+). DBR 2.3% 02/33, HR 91%. B+220.6. FTT 4:15pm. Tax Call: Yes. Par Call: 3m. Cleanup Call: 80%. MWC: B+35. LEI: 635400IUIZZIUJSAMF76;

Use of Proceeds

Refinancing and general corporate purposes

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Fortum Oyj (FORTUM)

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