Sandoz Group AG (SDZNY)

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Sandoz Group AG (SDZNY)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	HLTH	PRCD	SDZNY	Sandoz Group AG	CHF750		2	EMEA	Oct 26, 2023

Tranche #1Sandoz Group AG

currency

CHF

size (m)

400.000

maturity

Nov 17, 2026

type

Fixed

tenor

3.000

call

registration

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+65-75

ipt-pxd

guidance

MS+60-70

spread

coupon

2.125%

spread set

price

100.01400

yield

1.12%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Sandoz Group AG

currency

CHF

size (m)

350.000

maturity

Nov 17, 2031

type

Fixed

tenor

8.000

call

registration

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+100-110

ipt-pxd

guidance

MS+95-105

spread

coupon

2.60%

spread set

price

100.12500

yield

2.583%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

3 yr: Comments: CHF400m (Upsized from CHF350m) 2-tr 3yr & 8yr bmk public snr unsec. Baa2/BBB/NR. BNPP/UBS. IPTs 3yr MS+65/+75. Guidance MS+60/+70 WPIR. Set MS+65 for 400m. Came 2.12% Eidg+106. PP: Yes. XD: Yes. Par Call: 1m. CoC: Yes. LEI: 5493000JWK6XWFEUD320. Distribution: Switz 100%. AM 50.75%, Bks/PB 26.25%, Ins 12.75%, Tsy 8%, PF 2.25%; 8 yr: Comments: CHF350m 2-tr 3yr & 8yr bmk public snr unsec. Baa2/BBB/NR. BNPP/UBS. IPTs 8yr MS+100/+110. Guidance 350m MS+95/+105 WPIR. Set MS+95 for 350m. Came 2.583% Eidg+106. PP: Yes. XD: Yes. Reset Date: 2030-11-17. Par Call: 3m. CoC: Yes. LEI: 5493000JWK6XWFEUD320. Distribution: Switz 100%. AM 59%, Bks/PB 24.25%, Ins 9.75%, PF 6.5%, Tsy 0.5%;

Deal Comments

Public Bond. Total Books: CHF900m

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Sandoz Group AG (SDZNY)

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