ESB Finance DAC (ESBIRE)

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ESB Finance DAC (ESBIRE)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	ESBIRE	ESB Finance DAC	€1,000		2	EMEA	Sep 26, 2023

Tranche #1ESB Finance DAC

currency

EUR

size (m)

500.000

maturity

Oct 3, 2028

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

re-open/tap

ipt

MS+90-95

ipt-pxd

guidance

MS+70-75

spread

coupon

4.00%

spread set

price

99.67100

yield

4.074%

book size (m)

1,150

peak book (m)

x-covered

2.3

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,150

peak book (m)

x-covered

2.3

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2ESB Finance DAC

currency

EUR

size (m)

500.000

maturity

Mar 3, 2036

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+130-135

ipt-pxd

guidance

MS+105 a

spread

100

coupon

4.25%

spread set

price

98.97500

yield

4.361%

book size (m)

1,600

peak book (m)

x-covered

3.2

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,600

peak book (m)

x-covered

3.2

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 1150; Registration: Reg S Only; Comments: EUR500m 5yr part of 2tr bmk snr unsec RegS. A3/A-/NR. Struct/Active: JPM/SG(B&D). Actives Danske(Logis)/RBC. IPTs 5yr MS+90/+95 for 500m WNG. Guidance MS+70/+75. Launch MS+70. Books 1.15bn+(peak 1.3bn+). DBR 0.25% 08/28 (@88.82), HR 106%, B+134.6. FTT:4:20pm. Par Call: 3m. MWC: B+20bps. CoC: Yes. LEI: 635400VCPRSU89DLMZ57; 12 yr: Book size: 1600; Registration: Reg S Only; Comments: EUR500m long 12yr green part of bmk snr unsec RegS. A3/A-/NR. Struct/Active: JPM/SG(B&D). Actives Danske(Logis)/RBC. IPTs Long 12yr MS+130/+135 for 500m WNG. Guidance MS+105 area. Launch MS+100. Books 1.6bn+ (peak 2bn+). DBR 0% 05/35 (@71.96), HR 115%, B+149.1. FTT:4:20pm. Par Call: 3m. MWC: B+25bps. CoC: Yes. LEI: 635400VCPRSU89DLMZ57;

Deal Comments

Green Bond (12yr)

Guarantor(s)

Electricity Supply Board

Use of Proceeds

Refinancing of Eligible Green Projects

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