Grenke Finance PLC (GLJGR)

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Grenke Finance PLC (GLJGR)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	GLJGR	Grenke Finance PLC	€500		1	EMEA	Sep 21, 2023

Tranche #1Grenke Finance PLC

currency

EUR

size (m)

500.000

maturity

Apr 6, 2027

type

Fixed

tenor

3.500

call

registration

Reg S Only

benchmark

YLD

ranking

Sr. Unsecured

moody's

s&p

BBB

fitch

BBB

size description

re-open/tap

ipt

8.00% a

ipt-pxd

guidance

8.00%

spread

coupon

7.875%

spread set

price

99.70200

yield

8.00%

book size (m)

650

peak book (m)

x-covered

1.3

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

650

peak book (m)

x-covered

1.3

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

3.5 yr: Book size: 650; Registration: Reg S Only; Comments: EUR500m (upsized from EUR300m) long 3yr Apr 2027 debut green snr unsec. NR/BBB/BBB. DB/GSBE(B&D)/HSBC. IPTs 8% area for 300m+, launch 500m at 8% yield. Final books 650m+ (incl 20m JLM). OBL 0% 04/27 (Price 90.37%), HR 95%. LEI: 635400ILKD2MBMANBG03;

Deal Comments

Green Bond

Guarantor(s)

Grenke AG

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Grenke Finance PLC (GLJGR)

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