3 yr: Book size: 7400; Registration: Reg S Only; Comments: USD1.5bn 3yr part of snr unsec bmk RegS. A1/NR/A+. GloCo/JBs: GS(B&D)/HSBC/JPM, Passive: CA-CIB/Intesa SP, others in the ticket. IPTs 3yr T+110 area. Guidance T+80/+85. Launch 1.5bn at T+75. Final T+75 bps Vs. UST 3.750% due 8/15/2027, Price: 100-01 / Yld: 3.737% / HR: 100%. Books 7.4bn+ (ex JLM) subject;
8 yr: Book size: 3400; Registration: Reg S Only; Comments: USD500m sukuk & tap of Oct 2032 green 8yr part of 2-tr snr unsec bmk RegS. A1/NR/A+. GloCo/JBs: GS(B&D)/HSBC/JPM, Passive: CA-CIB/Intesa SP, others in the ticket. IPTs 8yr tap T+135 area for 500m. Guidance T+110 area. Launch T+107. Final T+107 bps vs. UST 3.750% due 08/31/2031, Price: 100-02+ / Yld: 3.738% / HR: 108%. Books 3.4bn+ (ex JLM) subject;
Deal Comments
Sukuk Bond (3yr). Green Bond (8yr). Issuer: GACI First Investment (8yr). Active Bookrunners: GSC (B&D), HSB, JPM, CTI, EMN, FAB, MSH; 3yr: SHB, ARJ, DIB, KFN. Passive Bookrunners: CAG, INS