Credito Emiliano SpA (Credem) (CRDEM)

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Credito Emiliano SpA (Credem) (CRDEM)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	CRDEM	Credito Emiliano SpA (Credem)	€400		1	EMEA	May 23, 2023

Tranche #1Credito Emiliano SpA (Credem)

currency

EUR

size (m)

400.000

maturity

May 30, 2029

type

Variable

tenor

6.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Ba1

s&p

fitch

BBB-

size description

re-open/tap

ipt

MS+275 a

ipt-pxd

guidance

spread

250

coupon

5.625%

spread set

price

99.74100

yield

5.686%

book size (m)

2,200

peak book (m)

x-covered

5.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,200

peak book (m)

x-covered

5.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

6 yr: Book size: 2200; First Pay: 2024-05-30; Redemption: 2028-05-30; Registration: Reg S Only; Comments: EUR400m WNG 6NC5 fxd-FRN bmk green SNP RegS. Ba1/NR/BBB-/ISS ESG 2PO. Barc/BNPP/CA-CIB/IMI(B&D). IPTs MS+275 area, launch MS+250. Final books 2.2bn+. OBL 2.2 2028 #187 (Px 98.8), B+ 322.50. FTT: 3:50pm. LEI: 8156004B244AA70DE787. Tax Call: Yes. Reset Date: 2028-05-30. Cleanup Call: 75%. Regulatory Call: Upon MREL Disqualification Event;

Deal Comments

Non-Preferred Green Note

Guarantor(s)

Credem CB SRL

Use of Proceeds

Refinancing of Eligible Green Assets

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Credito Emiliano SpA (Credem) (CRDEM)

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