Merck KGaA (MRKGR)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	HLTH	PRCD	MRKGR	Merck KGaA	€800		1	EMEA	Aug 20, 2024

Tranche #1Merck KGaA

currency

EUR

size (m)

800.000

maturity

Aug 27, 2054

type

Fixed

tenor

30.000

call

registration

Reg S Only

benchmark

Swaps

ranking

moody's

Baa2

s&p

BBB+

fitch

size description

re-open/tap

ipt

4.625-4.75%

ipt-pxd

guidance

4.125% a

spread

154

coupon

3.875%

spread set

price

99.43200

yield

4.00%

book size (m)

3,600

peak book (m)

x-covered

4.5

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

4.5

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

30 yr: Book size: 3600; First Pay: 2024-11-27; Redemption: 2029-08-27; Registration: Reg S Only; Comments: EUR800m 30NC5.25 bmk hybrid RegS. Baa2/BBB+. Actives Barc/BNPP/DB(B&D)/GS/Miz. Pass BBVA/SEB. IPTs 4.625%-4.75% (annual yield), guidance 4.125% area (+/- 0.125 wpir) for 800m, launch 4%. Final books 3.6bn+ (peak 5.2bn+). DBR 2.1% 11/15/29 B+184.8 (@ 99.74 / 2.152%). Reset at 5yr MS+154. FTT 3:25pm. CoC: Yes. Tax Call: Yes. PP: Yes. Par Call: 3m. Cleanup Call: 75%. LEI: 529900OAREIS0MOPTW25;

Use of Proceeds

Refinancing and general corporate purposes

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Merck KGaA (MRKGR)

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