Limak Cimento Sanayi ve Ticaret AS (Limak Cement)

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Limak Cimento Sanayi ve Ticaret AS (Limak Cement)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
HYC	MTRL	PRCD	-	Limak Cimento Sanayi ve Ticaret AS (Limak Cement)	$575		1	EMEA	Jul 18, 2024

Tranche #1Limak Cimento Sanayi ve Ticaret AS (Limak Cement)

currency

USD

size (m)

575.000

maturity

Jul 25, 2029

type

Fixed

tenor

5.000

call

registration

144A/Reg S

benchmark

YLD

ranking

Sr. Unsecured

moody's

s&p

fitch

B+

size description

re-open/tap

ipt

High 9%

ipt-pxd

guidance

spread

coupon

9.75%

spread set

price

100.00000

yield

9.75%

book size (m)

900

peak book (m)

x-covered

1.57

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

900

peak book (m)

x-covered

1.57

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 900; Redemption: 2026-07-25; Registration: 144A/Reg S; Comments: USD575m 5NC2 (50/25/par) snr unsec bmk RegS/144A. B3/NR/B+. GloCo/JB BofA(logis/B&D)/MS. JB ING. IPTs high 9%s, set 9.75% yield, launch 575m. Books c.900m (incl 45m JLM), Priced Thurs July 18. Call Schedule: 7/25/2026 at 104.875, 7/25/2027 at 102.438, 7/25/2028 at 100.0. MWC: T+50bps. CoC: 101%;

Use of Proceeds

Repay debt and general corporate purposes

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Limak Cimento Sanayi ve Ticaret AS (Limak Cement)

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