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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
FNCL
PRCD
AXANO
Axactor ASAkr2,300
1EMEA
Aug 24, 2023
currency
NOK
size (m)
2,300.000
maturity
Sep 7, 2027
type
Floating
tenor
4.000
call
-
registration
-
benchmark
3mN
ranking
Sr. Unsecured
moody's
B3
s&p
B
fitch
-
size description
-
re-open/tap
No
ipt
3mN+800-850
ipt-pxd
-
guidance
-
spread
825
coupon
3mN+825
spread set
-
price
100.00000
yield
-
book size (m)
2,200
peak book (m)
-
x-covered
0.96
book attrition
-
nic
-
left lead
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,200
peak book (m)
-
x-covered
0.96
book attrition
-
nic
-
left lead
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
4 yr: Book size: 2200; Redemption: 2026-09-07; Comments: NOK2.3bn (upsized from NOK2bn) 4NC3 snr unsec FRN. B3/B/NR. Arctic/DNB Markets(B&D)/Nordea. With EUR200m Jan 2024 FRN buyback. IPTs 3mN+800/+850, set 3mN+825 for max 2.3bn, launch 2.3bn. Books last 2.2bn+. Call Schedule: 2026-09-07@103.42 2027-03-07@101.62. Reset Date: 2026-09-07. MWC: Yes, first 3 years. CoC: Put @101% on CoC/de-listing/bond listing failure after 15 months. LEI: 549300P5VT8OMA17TJ33;
Use of Proceeds
Repay notes and for general corporate purposes

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