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Asset Backed Securities
Consumer Staples
Packaged Foods & Meats
Parent Companies
Hero AG
Hero AG
Hero AG (HERSW)
Deal Details
C/P
Industry
Status
Ticker(s)
Issuer(s)
Size(m)
Tranches
Region
Date
IGC
CONS
PRCD
HERSW
Hero AG
CHF40
1
EMEA
May 25, 2023
Tranche #1
Hero AG
BBG01GL3BGD1
currency
CHF
size (m)
40.000
maturity
-
type
Fixed
tenor
Perp
call
5.10
registration
-
benchmark
Swaps
ranking
Sr. Subordinated
moody's
-
s&p
-
fitch
-
size description
-
re-open/tap
Yes
ipt
-
ipt-pxd
-
guidance
MS+335.75
spread
335.75
coupon
5.00%
spread set
-
price
100.00000
yield
5.002%
book size (m)
40
peak book (m)
-
x-covered
1
book attrition
-
nic
0
billing & delivering
-
active leads
-
joint leads
UBS
,
ZKB
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
40
peak book (m)
-
x-covered
1
book attrition
-
nic
0
billing & delivering
-
active leads
-
joint leads
UBS
,
ZKB
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
P NC 5.1: Book size: 40; First Pay: 2023-07-05; Redemption: 2028-04-05; Comments: CHF40m tap of 5% PNC5.1yr hybrid bmk public Local. NR/NR. UBS/ZKB. Guidance MS+335.75. 250bp step. Reset Date: 2028-07-05. Par Call: 3m. Cleanup Call: 75%. CoC: Y, 250bp step. New Total: 140m. Tax Call: Yes. LEI: 529900099NYPCG4OHS15. Distribution: Switz 100%. PB/retail 53.5%, Tsy 44%, PF 2.5%;
Deal Comments
Hybrid Bond. CHF40m tap of 5% PNC5.1
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