Bpost SA (Belgian Post Group) (BPOST)

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Bpost SA (Belgian Post Group) (BPOST)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	INDS	PRCD	BPOST	Bpost SA (Belgian Post Group)	€1,000		2	EMEA	Oct 9, 2024

Tranche #1Bpost SA (Belgian Post Group)

currency

EUR

size (m)

500.000

maturity

Oct 16, 2029

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

size description

re-open/tap

ipt

MS+120 a

ipt-pxd

guidance

MS+95 a

spread

coupon

3.29%

spread set

price

100.00000

yield

3.29%

book size (m)

2,050

peak book (m)

x-covered

4.1

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

2,050

peak book (m)

x-covered

4.1

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche #2Bpost SA (Belgian Post Group)

currency

EUR

size (m)

500.000

maturity

Oct 16, 2034

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

size description

re-open/tap

ipt

MS+150 a

ipt-pxd

guidance

MS+120 a

spread

115

coupon

3.632%

spread set

price

100.00000

yield

3.632%

book size (m)

2,250

peak book (m)

x-covered

4.5

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

2,250

peak book (m)

x-covered

4.5

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 2050; Registration: Reg S Only; Comments: EUR500m WNG 5yr part of 2-tr bmk snr unsec RegS. NR/A-/NR. JPM(GloCo/log/B&D)/BNPP/BofA/ING. Pass Belfius/KBC. IPTs 5yr MS+120 area. Guidance MS+95 area. Launch MS+90. Final books 2.05bn+ (peak 2.3bn). OBL 2.5% 10/11/29 #190 (101.73) B+116.1, HR 96%. FTT 4:45pm. Par Call: 3m. Cleanup Call: 75%. MWC: B+20bps. CoC: Yes. LEI: 5493008AAX0BESN9WN06; 10 yr: Book size: 2250; Registration: Reg S Only; Comments: EUR500m 10yr part of 2-tr bmk snr unsec RegS. NR/A-/NR. JPM(GloCo/log/B&D)/BNPP/BofA/ING. Pass Belfius/KBC. IPTs 10yr MS+150 area. Guidance MS+120 area. Launch MS+115. Final books 2.25bn (peak 2.6bn). DBR 2.6% 08/15/34 (102.98) B+153.3, HR 93%. FTT 4:45pm. Par Call: 3m. Cleanup Call: 75%. MWC: B+20bps. CoC: Yes. LEI: 5493008AAX0BESN9WN06;

Deal Comments

Active Bookrunners: JPM(B&D), BNP, BAM, ING. Passive Bookrunners: BLF, KBC

Use of Proceeds

Repayment of the existing €1.0bn bridge facility and general corporate purposes

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Bpost SA (Belgian Post Group) (BPOST)

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