Public Property Invest AS (PUPRIN)

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Public Property Invest AS (PUPRIN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	REAL	PRCD	PUPRIN	Public Property Invest AS	€300		1	EMEA	Dec 5, 2024

Tranche #1Public Property Invest AS

currency

EUR

size (m)

300.000

maturity

Mar 12, 2030

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

BBB

re-open/tap

ipt

MS+300 a

ipt-pxd

guidance

MS+270 a

spread

260

coupon

4.625%

spread set

price

99.75500

yield

4.683%

book size (m)

1,400

peak book (m)

x-covered

4.67

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

1,400

peak book (m)

x-covered

4.67

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 1400; Registration: Reg S Only; Comments: EUR300m WNG long 5yr RegS. NR/NR/BBB. Citi/Danske/DNB(logis)/JPM(B&D)/Nordea. IPTs MS+300 area, guidance MS+270 area, launch MS+260. Books closed 1.4bn+ pre-rec, at guidance. B+277.9 vs DBR 0% Feb 2030 (px: 90.68 / HR 98%). FTT 4:45pm. Tax Call: Yes. Par Call: 3m. Cleanup Call: 75%. CoC: Yes. MWC: B+45bps. LEI: 254900QSCB9T0W2KE886;

Use of Proceeds

Repay debt and general corporate purposes

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