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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
UTIL
PRCD
ZOREN
Zorlu Enerji Elektrik Uretim AS$800
1EMEA
Oct 17, 2024
currency
USD
size (m)
800.000
maturity
Apr 23, 2030
type
Fixed
tenor
5.500
call
-
registration
144A/Reg S
benchmark
YLD
ranking
Senior
moody's
B3
s&p
-
fitch
B+
size description
-
re-open/tap
No
ipt
11-11.25%
ipt-pxd
-
guidance
-
spread
-
coupon
11.00%
spread set
-
price
100.00000
yield
11.00%
book size (m)
1,200
peak book (m)
-
x-covered
1.5
book attrition
-
nic
-
left lead
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,200
peak book (m)
-
x-covered
1.5
book attrition
-
nic
-
left lead
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
5.5 yr: Book size: 1200; Redemption: 2026-10-23; Registration: 144A/Reg S; Comments: USD800m 5.5NC2 (50/25/par) amortizing SLB RegS/144A. B3/NR/B+. BofA/ENBD/GS/HSBC/JPM(ESG struc/B&D). Feedback high 10s-11% area, IPTs 11%-11.25%, launch 800m at 11%. Final books 1.2bn+ (incl 95m JLM @reoffer), peak 1.25bn+. FTT 8am Friday. MWC: T+50bp to first call. Reset Date: 2026-10-23. Call date/price: 2026-10-23@105.5, 2027-10-23@102.75, 2028-10-23@100.0. LEI: 7890005B5CSNL39OYO75;
Deal Comments
Guaranteed Sustainability-Linked Notes. Guarantors: Zorlu Yenilenebilir Enerji AŞ, Zorlu Jeotermal Enerji Elektrik Üretim AŞ, Rotor Elektrik Üretim AŞ, Zorlu Doğal Elektrik Üretimi AŞ, Zorlu Osmangazi Enerji Sanayi ve Ticaret AŞ, Zorlu Doğal Elektrik Üretimi AŞ, Zorlu Osmangazi Enerji Sanayi ve Ticaret AŞ
Use of Proceeds
Refinacing

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