RTE Reseau de transport d Electricite SA (RTEFRA)

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RTE Reseau de transport d Electricite SA (RTEFRA)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	RTEFRA	RTE Reseau de transport d Electricite SA	€1,250		2	EMEA	Sep 25, 2024

Tranche #1RTE Reseau de transport d Electricite SA

currency

EUR

size (m)

500.000

maturity

Oct 2, 2028

type

Fixed

tenor

4.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+95 a

ipt-pxd

guidance

MS+70 a

spread

coupon

2.875%

spread set

price

99.83200

yield

2.92%

book size (m)

1,250

peak book (m)

x-covered

2.5

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

1,250

peak book (m)

x-covered

2.5

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche #2RTE Reseau de transport d Electricite SA

currency

EUR

size (m)

750.000

maturity

Oct 2, 2036

type

Fixed

tenor

12.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+145 a

ipt-pxd

guidance

MS+115 a

spread

110

coupon

3.50%

spread set

price

99.38400

yield

3.564%

book size (m)

1,700

peak book (m)

x-covered

2.27

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

1,700

peak book (m)

x-covered

2.27

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

4 yr: Book size: 1250; Registration: Reg S Only; Comments: EUR500m 4yr bmk snr unsec green RegS. Barc/BNPP/CIC/CA-CIB/Natx/NatWest(B&D)/SMBC/SG. IPTs 4yr MS+95 area for 500m WNG. Guidance MS+70 area. Launch MS+65. Final books 1.25bn+ (peak 1.5bn+). HR 104% vs DBR 0.25% Aug 2028 (B+100.9, Px 93.84). FTT 7:30am tomorrow. Par Call: 1m. Cleanup Call: 80%. MWC: B+15bps. LEI: 969500JRJW0K2ET1UP76; 12 yr: Book size: 1700; Registration: Reg S Only; Comments: EUR750m 12yr bmk snr unsec green RegS. Barc/BNPP/CIC/CA-CIB/Natx/NatWest(B&D)/SMBC/SG. IPTs 12yr MS+145 area. Guidance MS+115 area for 750m WNG. Launch MS+110. Final books 1.7bn+ (peak 2.2bn+). HR 110% vs DBR 0.0% May 2036 (B+127.4, px 76.85). FTT 7:30am tomorrow. Par Call: 3m. Cleanup Call: 80%. MWC: B+20bps. LEI: 969500JRJW0K2ET1UP76;

Deal Comments

Green Bond (12yr)

Use of Proceeds

4yr: General Corporate Purposes; 12yr: Refinancing of Eligible Green Projects

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RTE Reseau de transport d Electricite SA (RTEFRA)

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