Grand City Properties SA (GYCGR)

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Grand City Properties SA (GYCGR)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	REAL	PRCD	GYCGR	Grand City Properties SA	€500		1	EMEA	Jul 2, 2024

Tranche #1Grand City Properties SA

currency

EUR

size (m)

500.000

maturity

Jan 9, 2030

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB+

fitch

size description

re-open/tap

ipt

MS+235 a

ipt-pxd

guidance

MS+200 a

spread

195

coupon

4.375%

spread set

price

97.77400

yield

4.851%

book size (m)

3,600

peak book (m)

x-covered

7.2

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

3,600

peak book (m)

x-covered

7.2

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 3600; Registration: Reg S Only; Comments: EUR500m long 5yr Jan 2030 bmk snr unsec RegS. NR/BBB+/NR. Citi(log/B&D)/CA-CIB/GS/JPM. With EUR 2025/ 2026/ 2027 tender offers. IPTs MS+235 area, guidance MS+200 area (+/- 5 WPIR) for 500m, launch MS+195, cpn exp 4.375%. Books 3.6bn+ at tight end of guidance, pre rec. DBR 2.100% 11/29 (@97.66) B+228, HR 95%. FTT 7:30am Jul 3. Tax Call: Yes. Par Call: 3m. Cleanup Call: 80%. MWC: B+35bps. CoC: Yes. LEI: 5299002QLUYKK2WBMB18;

Use of Proceeds

Refinancing and for general corporate purposes

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