Kering SA (KERFP)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	KERFP	Kering SA	£800		2	EMEA	Nov 16, 2023

Tranche #1Kering SA

currency

GBP

size (m)

400.000

maturity

Nov 23, 2026

type

Fixed

tenor

3.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

G+110 a

ipt-pxd

guidance

G+95 a

spread

coupon

5.125%

spread set

price

99.99700

yield

5.062%

book size (m)

1,100

peak book (m)

x-covered

2.75

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,100

peak book (m)

x-covered

2.75

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Kering SA

currency

GBP

size (m)

400.000

maturity

Nov 23, 2032

type

Fixed

tenor

9.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

G+120 a

ipt-pxd

guidance

G+100-105

spread

100

coupon

5.00%

spread set

price

99.49200

yield

5.009%

book size (m)

1,350

peak book (m)

x-covered

3.38

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,350

peak book (m)

x-covered

3.38

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

3 yr: Book size: 1100; Registration: Reg S Only; Comments: GBP400m 2-tr 3yr & 9yr bmk snr unsec RegS. NR/A/NR. HSBC(B&D)/NatWest/Santan(log). IPTs UKT 0.375% 10/26 (mid) +110 area. Guidance UKT+95 area (+/-3 WPIR) for exp 300m. Launch 400m UKT+92. Books 1.1bn+ (both pre-rec, tight end of guidance). FTT 4:15pm. Par Call: 1m. MWC: G+15. CoC: Yes. LEI: 549300VGEJKB7SVUZR78; 9 yr: Book size: 1350; Registration: Reg S Only; Comments: GBP400m 2-tr 3yr & 9yr bmk snr unsec RegS. NR/A/NR. HSBC(B&D)/NatWest/Santan(log). IPTs UKT 4.25% 06/32 (mid) +120 area. Guidance UKT+100/+105 WPIR for exp 300m. Launch 400m UKT+100. Books 1.35bn+ (both pre-rec, tight end of guidance). FTT 4:15pm. Par Call: 3m. MWC: G+15. CoC: Yes. LEI: 549300VGEJKB7SVUZR78;

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Kering SA (KERFP)

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