Assa Abloy AB (ASSABS)

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Assa Abloy AB (ASSABS)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	ASSABS	Assa Abloy AB	€1,800		3	EMEA	Sep 6, 2023

Tranche #1Assa Abloy AB

currency

EUR

size (m)

600.000

maturity

Sep 13, 2026

type

Fixed

tenor

3.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

re-open/tap

ipt

MS+60 a

ipt-pxd

guidance

MS+40 a

spread

coupon

3.75%

spread set

price

99.76300

yield

3.835%

book size (m)

1,450

peak book (m)

x-covered

2.42

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

1,450

peak book (m)

x-covered

2.42

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche #2Assa Abloy AB

currency

EUR

size (m)

600.000

maturity

Sep 13, 2030

type

Fixed

tenor

7.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

re-open/tap

ipt

MS+100 a

ipt-pxd

guidance

MS+80 a

spread

coupon

3.875%

spread set

price

99.62100

yield

3.938%

book size (m)

2,250

peak book (m)

x-covered

3.75

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

2,250

peak book (m)

x-covered

3.75

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche #3Assa Abloy AB

currency

EUR

size (m)

600.000

maturity

Sep 13, 2035

type

Fixed

tenor

12.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

re-open/tap

ipt

MS+125 a

ipt-pxd

guidance

MS+105 a

spread

coupon

4.125%

spread set

price

99.31300

yield

4.199%

book size (m)

2,000

peak book (m)

x-covered

3.33

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

2,000

peak book (m)

x-covered

3.33

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

3 yr: Book size: 1450; Registration: Reg S Only; Comments: EUR600m debut 3yr bmk snr unsec RegS. A-(S&P). Barc/BNPP(B&D)/BofA(log)/Citi/Miz/SEB. IPT MS+60 area. Guidance MS+40 area. Launch at MS+35. Final books 1.45bn (peak 1.85bn+). B+97.6 vs DBR 0 08/15/26 @ 92.06 HR 106%. Tax Call: Yes. Par Call: 1m. Cleanup Call: 80%. MWC: B+15. LEI: 549300YECS8HKCIMMB67; 7 yr: Book size: 2250; Registration: Reg S Only; Comments: EUR600m debut 7yr bmk snr unsec RegS. A-(S&P). Barc/BNPP(B&D)/BofA(log)/Citi/Miz/SEB. IPT MS+100 area. Guidance MS+80 area. Launch at MS+73. Final books 2.25bn (peak 2.9bn+). B+135.7 vs DBR 0 08/15/30 @ 83.8 HR 106%. Tax Call: Yes. Par Call: 3m. Cleanup Call: 80%. MWC: B+20. LEI: 549300YECS8HKCIMMB67; 12 yr: Book size: 2000; Registration: Reg S Only; Comments: EUR600m debut 12yr bmk snr unsec RegS. A-(S&P). Barc/BNPP(B&D)/BofA(log)/Citi/Miz/SEB. IPT MS+125 area. Guidance MS+105 area. Launch at MS+98. Final books 2bn (peak 2.55bn+). B+145.7 vs DBR 0 05/15/35 @ 72.9 HR 111%. Tax Call: Yes. Par Call: 3m. Cleanup Call: 80%. MWC: B+25. LEI: 549300YECS8HKCIMMB67;

Use of Proceeds

To repay bank debt and general corporate purposes

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