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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
ENGY
PRCD
VARNO
Var Energi ASA€1,000
1EMEA
Mar 5, 2025
currency
EUR
size (m)
1,000.000
maturity
Mar 12, 2031
type
Fixed
tenor
6.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa3
s&p
BBB
fitch
-
size description
-
re-open/tap
No
ipt
MS+185-190
ipt-pxd
-
guidance
MS+155 a
spread
153
coupon
3.875%
spread set
-
price
99.23000
yield
4.022%
book size (m)
3,600
peak book (m)
-
x-covered
3.6
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
BBV, CTI, DNB, ING, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
3,600
peak book (m)
-
x-covered
3.6
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
BBV, CTI, DNB, ING, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
6 yr: Book size: 3600; Registration: Reg S Only; Comments: EUR1bn 6yr due 03/12/2025, cpn 3.875% at 99.23, yld 4.022%. MWC: B+25bps. Par Call: 3m. Clean-up Call: 75%. CoC: 101%. Tax Call: Yes. 155.3 vs DBR 0% 15 Feb 31 @ 86.50 (2.496%). LEI: 549300LIVN3FFOJN2K47;
Use of Proceeds
Refinancing and general corporate purposes

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