Knorr Bremse Ag (KNOGR)

No results found for "".

Knorr Bremse Ag (KNOGR)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	KNOGR	Knorr Bremse Ag	€1,100		2	EMEA	Sep 23, 2024

Tranche #1Knorr Bremse Ag

currency

EUR

size (m)

600.000

maturity

Sep 30, 2029

type

Fixed

tenor

5.000

call

registration

benchmark

Swaps

ranking

Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+120 a

ipt-pxd

guidance

spread

coupon

3.000%

spread set

price

99.20300

yield

3.175%

book size (m)

1,800

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,800

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Knorr Bremse Ag

currency

EUR

size (m)

500.000

maturity

Sep 30, 2032

type

Fixed

tenor

8.000

call

registration

benchmark

Swaps

ranking

Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+140 a

ipt-pxd

guidance

spread

108

coupon

3.250%

spread set

price

98.67000

yield

3.443%

book size (m)

1,500

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,500

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 1800; Comments: EUR600m 3.000% cpn 5yr(9/30/2029) at 99.203, yld 3.175%. MS+88bp. Par Call: 3m. Tax Call: Yes. Clean-up Call: 80%. LEI: 5299001GRRO0Z25YZT52; 8 yr: Book size: 1500; Comments: EUR500m 3.250% cpn 8yr(9/30/2-32) at 98.670, yld 3.443%. MS+108bp. Par Call: 3m. Tax Call: Yes. Clean-up Call: 80%. LEI: 5299001GRRO0Z25YZT52;

Deal Comments

Unsubordinated, unsecured global notes. Green Bond (8yr)

Use of Proceeds

5yr: Refinancing of existing liabilities and conventional rail signaling business; 8yr: Financing of Green Eligible Projects

Hide Details

Explore all other Commentary & Deal Flow

Asset Backed Securities

sector/subsector profiles

High Yield

industry/subindustry profiles

Investment Grade

industry/subindustry profiles

Knorr Bremse Ag (KNOGR)

Deal Details

Commentary

Deal Flow