Wintershall Dea Finance BV (HBRLN)

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Wintershall Dea Finance BV (HBRLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	MTRL	PRCD	HBRLN	Wintershall Dea Finance BV	€1,600		2	EMEA	Sep 25, 2024

Tranche #1Wintershall Dea Finance BV

currency

EUR

size (m)

700.000

maturity

Oct 3, 2029

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB-

fitch

BBB-

size description

re-open/tap

ipt

MS+180 a

ipt-pxd

guidance

MS+160 a

spread

155

coupon

3.83%

spread set

price

100.00000

yield

3.83%

book size (m)

1,050

peak book (m)

x-covered

1.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,050

peak book (m)

x-covered

1.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Wintershall Dea Finance BV

currency

EUR

size (m)

900.000

maturity

Oct 3, 2032

type

Fixed

tenor

8.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB-

fitch

BBB-

size description

re-open/tap

ipt

MS+225 a

ipt-pxd

guidance

MS+205 a

spread

200

coupon

4.357%

spread set

price

100.00000

yield

4.357%

book size (m)

1,600

peak book (m)

x-covered

1.78

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,600

peak book (m)

x-covered

1.78

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 1050; Registration: Reg S Only; Comments: EUR700m 5yr bmk snr unsec RegS. Baa2/BBB-/BBB-. Active: Barc/DB(log)/DNB/JPM(B&D)/WFS, Passive: BofA/Citi/HSBC/Lloyds/MS/Natx/NatWest/SMBC/StCh. IPTs 5yr MS+180 area. Guidance MS+160 area. Launch 700m at MS+155. Final books 1.05bn+ (peak 1.4bn+). DBR 0% Aug-2029 B+187.5 (90.98) HR: 103%. FTT 5:20pm. Tax Call: Yes. Par Call: 3m. Cleanup Call: 80%. MWC: B+30bps. CoC: 101%; 8 yr: Book size: 1600; Registration: Reg S Only; Comments: EUR900m 8yr bmk snr unsec RegS. Baa2/BBB-/BBB-. Active: Barc/DB(log)/DNB/JPM(B&D)/WFS, Passive: BofA/Citi/HSBC/Lloyds/MS/Natx/NatWest/SMBC/StCh. IPTs 8yr MS+225 area. Guidance MS+205 area for total 1.5bn. Launch 900m at MS+200. Final books 1.6bn+ (peak 2bn+). DBR 1.7% Aug-2032 B+231.9 (97.56) HR: 93%. FTT 5:20pm. Tax Call: Yes. Par Call: 3m. Cleanup Call: 80%. MWC: B+35bps. CoC: 101%;

Deal Comments

Active Bookrunners: JPM(B&D), BRC, DEU, DNB, WFS. Passive Bookrunners: BAM, CTI, HSB, LLY, MOS, NAT, NTW, SMB, STC

Guarantor(s)

Harbour Energy PLC

Use of Proceeds

Repay debt and general corporate purposes

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