Adecco International Financial Services BV (ADENVX)

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Adecco International Financial Services BV (ADENVX)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	ADENVX	Adecco International Financial Services BV	€300		1	EMEA	Oct 1, 2024

Tranche #1Adecco International Financial Services BV

currency

EUR

size (m)

300.000

maturity

Oct 8, 2032

type

Fixed

tenor

8.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB+

fitch

re-open/tap

ipt

MS+155 a

ipt-pxd

guidance

MS+135 a

spread

130

coupon

3.40%

spread set

price

99.15500

yield

3.523%

book size (m)

900

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

900

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

8 yr: Book size: 900; Registration: Reg S Only; Comments: EUR300m WNG 8yr snr unsec RegS. Baa1/BBB+. Barc/BofA(B&D)/CMZ/Uni. IPTs MS+155 area, guidance MS+135 area, launch MS+130. Final books 900m+ (peak 1.05bn+). DBR 1.7% 08/15/32, B+163 / 98.6 / 1.893% , HR 96%. FTT 3:45pm. CoC: 100%. MWC: B+25bp. Par Call: 3m. Cleanup Call: 80%. LEI: 549300PDNGPM4PIAUK57;

Guarantor(s)

Adecco Group AG

Use of Proceeds

Repay debt and general corporate purposes

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