Sydbank A/S (SYDB)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	SYDB	Sydbank A/S	-		2	EMEA	Jan 18, 2024

Tranche #1Sydbank A/S

currency

SEK

size (m)

550.000

maturity

Apr 25, 2034

type

Floating

tenor

10.250

call

registration

benchmark

3mSt

ranking

moody's

Baa2

s&p

fitch

size description

re-open/tap

ipt

3mSt+300-325

ipt-pxd

guidance

3mSt+300-315

spread

300

coupon

3mSt+300

spread set

price

100.00000

yield

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 #2Sydbank A/S

currency

NOK

size (m)

650.000

maturity

Apr 25, 2034

type

Floating

tenor

10.250

call

registration

benchmark

3mN

ranking

moody's

Baa2

s&p

fitch

size description

re-open/tap

ipt

3mN+305-330

ipt-pxd

guidance

3mN+305-320

spread

305

coupon

3mN+305

spread set

price

100.00000

yield

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

10.25 yr: Redemption: 2029-01-25; Comments: SEK550m 10.25NC5.25 FRN Tier 2. Baa2. Nordea. Feedback 3mS+300/+325. IPT 3mS+300/+325. Guidance 3mS+300/+315 WPIR, for combined exp 1bn - 1.2bn equiv. Set 3mS+300. Launch 550m. Combined books 2.5bn+ at reoffer, slight skew to NOK (peak 2.6bn+). FTT Immediately. Tax Call: Yes. Reset Date: 2029-04-25. Regulatory Call: Upon Occurrence Of Capital Event. LEI: GP5DT10VX1QRQUKVBK64. PP: No. XD: No; 10.25 yr: Redemption: 2029-01-25; Comments: NOK650m 10.25NC5.25 FRN Tier 2. Baa2. Nordea. Feedback 3mN+300/+325. IPT 3mN+305/+330. Guidance 3mS+305/+320 WPIR, for combined exp 1bn - 1.2bn equiv. Set 3mN+305. Launch 650m. Combined books 2.5bn+ at reoffer, slight skew to NOK (peak 2.6bn+). FTT Immediately. Tax Call: Yes. Reset Date: 2029-04-25. Regulatory Call: Upon Occurrence Of Capital Event. LEI: GP5DT10VX1QRQUKVBK64. PP: No. XD: No;

Deal Comments

Tier 2

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