UPM-Kymmene Corp (UPM)

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UPM-Kymmene Corp (UPM)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	MTRL	PRCD	UPM	UPM-Kymmene Corp	€600		1	EMEA	Aug 21, 2024

Tranche #1UPM-Kymmene Corp

currency

EUR

size (m)

600.000

maturity

Aug 29, 2034

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB+

fitch

size description

re-open/tap

ipt

MS+140 a

ipt-pxd

guidance

MS+110 a

spread

103

coupon

3.375%

spread set

price

99.10900

yield

3.482%

book size (m)

2,350

peak book (m)

x-covered

3.92

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,350

peak book (m)

x-covered

3.92

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

10 yr: Book size: 2350; Registration: Reg S Only; Comments: EUR600m (upsized from EUR500m) 10yr green snr unsec bmk RegS. NR/BBB+. BNPP(B&D)/Danske(log)/JPM/OP/SEB(struc). IPTs MS+140 area, guidance MS+110 area for 600m, launch MS+103. Final books 2.35bn+ (peak 3.2bn+). HR 91% vs DBR 2.6% Aug 2034, B+127.5. FTT 3:50pm. Tax Call: Yes. Par Call: 3m. Cleanup Call: 80%. MWC: B+20. LEI: 213800EC6PW5VU4J9U64;

Deal Comments

Green Bond

Use of Proceeds

Refinancing of Eligible Green Projects

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