OTP Banka dd (NOVAKR)

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OTP Banka dd (NOVAKR)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	NOVAKR	OTP Banka dd	€400		1	EMEA	Jun 22, 2023

Tranche #1OTP Banka dd

currency

EUR

size (m)

400.000

maturity

Jun 29, 2026

type

Fixed

tenor

3.000

call

registration

Reg S Only

benchmark

ranking

Senior

moody's

Baa2

s&p

fitch

size description

re-open/tap

ipt

8.00% a

ipt-pxd

guidance

7.625% a

spread

417

coupon

7.375%

spread set

price

100.00000

yield

7.375%

book size (m)

1,300

peak book (m)

x-covered

3.25

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

1,300

peak book (m)

x-covered

3.25

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

3 yr: Book size: 1300; Redemption: 2025-06-29; Registration: Reg S Only; Comments: EUR400m (upsized from EUR300m) 3NC2 SP RegS. Baa2. BNPP/Erste(B&D)/GS/OTP/Uni. IPTs 8% area yield, guidance 7.625% area, launch 400m at 7.375%. Final books 1.3bn+ @reoffer (peak 1.4bn+). HR 96% vs BKO 2.8% 06/25, B+417. FTT 4pm. Reset Date: 2025-06-29. Regulatory Call: Yes, Gross up Event. Cleanup Call: less than 20% outstanding. LEI: 549300J0GSZ83GTKBZ89;

Deal Comments

Preferred Note

Use of Proceeds

General Corporate Purposes

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OTP Banka dd (NOVAKR)

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