Credito Emiliano SpA (Credem) (CRDEM)

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Credito Emiliano SpA (Credem) (CRDEM)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	CRDEM	Credito Emiliano SpA (Credem)	€500		1	EMEA	Sep 18, 2023

Tranche #1Credito Emiliano SpA (Credem)

currency

EUR

size (m)

500.000

maturity

Mar 26, 2030

type

Fixed

tenor

6.500

call

registration

Reg S Only

benchmark

Swaps

ranking

Senior

moody's

Baa3

s&p

fitch

BBB+

size description

re-open/tap

ipt

MS+185 a

ipt-pxd

guidance

spread

160

coupon

4.875%

spread set

price

99.84500

yield

4.914%

book size (m)

1,000

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

1,000

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

6.5 yr: Book size: 1000; First Pay: 2024-03-26; Redemption: 2029-03-26; Registration: Reg S Only; Comments: EUR500m WNG 6.5NC5.5 SP bmk social RegS. Baa3/NR/BBB+. BNPP/BofA(B&D)/CA-CIB/DB/Santan. IPTs MS+185 area, launch MS+160. Bks ~1bn (peak 1.25bn+). DBR 0.25% Feb 2029 + 224.5bps (px 87.970), HR 102%. FTT 3:30pm. Tax Call: Yes. Reset Date: 2029-03-26. Cleanup Call: 75%. Regulatory Call: Upon MREL Disqualification Event. LEI: 8156004B244AA70DE787;

Deal Comments

Preferred Social Bond

Guarantor(s)

Credem CB Srl

Use of Proceeds

Refinancing

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Credito Emiliano SpA (Credem) (CRDEM)

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