Carlsberg Breweries A/S (CARLB)

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Carlsberg Breweries A/S (CARLB)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	CONS	PRCD	CARLB	Carlsberg Breweries A/S	€1,300		2	EMEA	Sep 25, 2023

Tranche #1Carlsberg Breweries A/S

currency

EUR

size (m)

700.000

maturity

Oct 5, 2028

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

fitch

BBB+

size description

re-open/tap

ipt

MS+105-110

ipt-pxd

guidance

MS+80-85

spread

coupon

4.00%

spread set

price

99.45000

yield

4.124%

book size (m)

2,100

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,100

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Carlsberg Breweries A/S

currency

EUR

size (m)

600.000

maturity

Oct 5, 2033

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

fitch

BBB+

size description

re-open/tap

ipt

MS+140-145

ipt-pxd

guidance

MS+110-115

spread

105

coupon

4.25%

spread set

price

98.96500

yield

4.38%

book size (m)

2,300

peak book (m)

x-covered

3.83

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,300

peak book (m)

x-covered

3.83

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 2100; Registration: Reg S Only; Comments: EUR700m 5yr snr unsec bmk RegS. Baa2/NR/BBB+. BNPP/Danske/Nordea/SG(B&D). IPT MS+105/+110. Guidance MS+80/+85 for total max 1.3bn. Launch MS+75. Final books 2.1bn+ (peak 2.6bn+). DBR 0.25% Aug 2028+139.7bps (88.82 / 2.727% / HR: 106%). Par Call: 3m. Cleanup Call: 85%. MWC: B+20. CoC: 100%. LEI: 5493008YL42784DMWN61; 10 yr: Book size: 2300; Registration: Reg S Only; Comments: EUR600m 10yr snr unsec bmk RegS. Baa2/NR/BBB+. BNPP/Danske/Nordea/SG(B&D). IPT MS+140/+145. Guidance MS+110/+115 for total max 1.3bn. Launch MS+105. Final books 2.3bn+ (peak 2.9bn+). DBR 2.6% Aug 2033 +159.5bps (98.415 / 2.785% / HR: 94%). Par Call: 3m. Cleanup Call: 85%. MWC: B+25. CoC: 100%. LEI: 5493008YL42784DMWN61;

Guarantor(s)

Volvo AB

Use of Proceeds

Refinancing and general corporate purposes

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