Crelan SA/NV (CRELAN)

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Crelan SA/NV (CRELAN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	CRELAN	Crelan SA/NV	€600		1	EMEA	Sep 12, 2023

Tranche #1Crelan SA/NV

currency

EUR

size (m)

600.000

maturity

Feb 28, 2030

type

Fixed

tenor

6.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Senior

moody's

Baa3

s&p

fitch

re-open/tap

ipt

MS+300 a

ipt-pxd

guidance

MS+285

spread

285

coupon

6.00%

spread set

price

99.58200

yield

6.102%

book size (m)

1,100

peak book (m)

x-covered

1.83

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

1,100

peak book (m)

x-covered

1.83

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

6 yr: Book size: 1100; Redemption: 2029-02-28; Registration: Reg S Only; Comments: EUR600m bmk long 6NC5 green SNP RegS. Baa3. CA-CIB(struc)/CMZ(B&D)/JPM/Santan. Co lead KBC. IPTs MS+300 area, set MS+285 for exp 500m, launch 600m. Final books 1.1bn+ at reoffer (peak 1.15bn+). DBR 0.25 Feb 2029 +351.4 (88.31) HR 97%. FTT 4:10pm. Tax Call: Yes. Reset Date: 2029-02-28. Regulatory Call: Yes (MREL Disqualification Event);

Deal Comments

Green Non-Preferred Bond

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