Crelan SA/NV (CRELAN)

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Crelan SA/NV (CRELAN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	CRELAN	Crelan SA/NV	€750		1	EMEA	Jan 16, 2024

Tranche #1Crelan SA/NV

currency

EUR

size (m)

750.000

maturity

Jan 23, 2032

type

Fixed

tenor

8.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Senior

moody's

Baa3

s&p

fitch

re-open/tap

ipt

MS+300 a

ipt-pxd

guidance

spread

275

coupon

5.25%

spread set

price

99.76000

yield

5.292%

book size (m)

2,000

peak book (m)

x-covered

2.67

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

2,000

peak book (m)

x-covered

2.67

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

8 yr: Book size: 2000; First Pay: 2025-01-23; Redemption: 2031-01-23; Registration: Reg S Only; Comments: EUR750m 8NC7 bmk SNP green RegS. Baa3/NR/NR. CA-CIB(Struct)/BNPP/Citi(B&D/DM)/DB/JPM. IPTs MS+300 area, launch MS+275 for 750m. Final bks ~2bn. DBR 2.4% 11/15/30 B+ 319.1 (px 101.870% / HR 90%). Tax Call: Yes. Reset Date: 2031-01-23. Cleanup Call: 75%. Regulatory Call: Yes (MREL Disqualification Event). PP: No. XD: No;

Deal Comments

Green Non-Preferred Bond

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