DS Smith PLC (SMDS)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	MTRL	PRCD	SMDS	DS Smith PLC	€1,500		2	EMEA	Jul 20, 2023

Tranche #1DS Smith PLC

currency

EUR

size (m)

850.000

maturity

Jul 27, 2027

type

Fixed

tenor

4.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB-

fitch

re-open/tap

ipt

MS+140 a

ipt-pxd

guidance

MS+115 a

spread

108

coupon

4.375%

spread set

price

99.74900

yield

4.445%

book size (m)

2,550

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,550

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2DS Smith PLC

currency

EUR

size (m)

650.000

maturity

Jul 27, 2030

type

Fixed

tenor

7.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB-

fitch

re-open/tap

ipt

MS+175 a

ipt-pxd

guidance

MS+150 a

spread

145

coupon

4.50%

spread set

price

99.52400

yield

4.581%

book size (m)

2,150

peak book (m)

x-covered

3.31

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,150

peak book (m)

x-covered

3.31

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

4 yr: Book size: 2550; Registration: Reg S Only; Comments: EUR850m 4yr green bmk snr unsec RegS. NR/BBB-/NR. Citi/ING(log/struc/B&D)/NatWest(struc). With tender for EUR750m 1.375% 2024. IPTs 4yr MS+140 area. Guidance MS+115 area. Launch MS+108 for 850m. Books 2bn+, peak 2.55bn+. OBL 0% 04/27#185 (90.54). HR 109%, B + 174.5. FTT 4:15 pm. LEI: 39RSBE4RCI4M15BLWH36. Par Call: 1m. MWC: B+30bps. CoC: Yes; 7 yr: Book size: 2150; Registration: Reg S Only; Comments: EUR650m 7yr green bmk snr unsec RegS. NR/BBB-/NR. Citi/ING(log/struc/B&D)/NatWest(struc). With tender for EUR750m 1.375% 2024. IPTs 7yr MS+175 area. Guidance MS+150 area. Launch MS+145 for 650m. Books 1.85bn+, peak 2.15bn+. DBR 0% 02/30 (85.34). HR 107%, B+ 213.7. FTT 4:15 pm. LEI: 39RSBE4RCI4M15BLWH36. Par Call: 3m. MWC: B+35bps. CoC: Yes;

Deal Comments

Green Bond

Use of Proceeds

Will be allocated to Eligible Activities

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