Registration: Reg S Only; Comments: 09/10/2020 ZF Finance GmbH (ZFNGR) EUR1.5bn Reg S sr unsec notes (EMTN) 2-prt. Ba1/BB+ (neg/neg). Via BNP/DB/JPM (B&D)/Mizuho/UniCredit joint active books. Annual pay (Act/Act). List Lux. German Law. 100k+100k. Settles 09/21 (T+7). - EUR750m due 09/21/25 (5y). NCL (MWC B+50bp) (3mo par call). Clean-up call 80%. ISIN: XS2231715322. IPT: 3.50% area (approx ms+390bp). Guidance 3.25% area (approx ms+365bp). Launched: EUR750m at 3.125%. Priced: 3% at 99.430, yield 3.125%. ms+350.9. +379.3bp vs DBR 1% 08/25. - EUR750m due 09/21/28 (8y). NCL (MWC B+50bp) (3mo par call). Clean up call 80%. ISIN: XS2231331260. IPT: 4.25% area (approx ms+455bp). Guidance: 4.00% area (approx ms+425bp). Launched: EUR750m at 3.875%. Priced: 3.75% at 99.154, yield 3.875%. ms+413.3bp. +443.2bp vs DBR 0.25% 08/28. Combined books EUR3.9bn+ at guidance (evenly split) (previously combined books EUR3.2bn+, evenly split, pre-rec, at IPTs). Books went subject at 12:20pm UKT. UOP: GCP, including the repayment of bank loans. Biz: global manufacturer of auto-parts and components. HQ: Friedrichshafen, Germany.; Registration: Reg S Only; Comments: 09/10/2020 ZF Finance GmbH (ZFNGR) EUR1.5bn Reg S sr unsec notes (EMTN) 2-prt. Ba1/BB+ (neg/neg). Via BNP/DB/JPM (B&D)/Mizuho/UniCredit joint active books. Annual pay (Act/Act). List Lux. German Law. 100k+100k. Settles 09/21 (T+7). - EUR750m due 09/21/25 (5y). NCL (MWC B+50bp) (3mo par call). Clean-up call 80%. ISIN: XS2231715322. IPT: 3.50% area (approx ms+390bp). Guidance 3.25% area (approx ms+365bp). Launched: EUR750m at 3.125%. Priced: 3% at 99.430, yield 3.125%. ms+350.9. +379.3bp vs DBR 1% 08/25. - EUR750m due 09/21/28 (8y). NCL (MWC B+50bp) (3mo par call). Clean up call 80%. ISIN: XS2231331260. IPT: 4.25% area (approx ms+455bp). Guidance: 4.00% area (approx ms+425bp). Launched: EUR750m at 3.875%. Priced: 3.75% at 99.154, yield 3.875%. ms+413.3bp. +443.2bp vs DBR 0.25% 08/28. Combined books EUR3.9bn+ at guidance (evenly split) (previously combined books EUR3.2bn+, evenly split, pre-rec, at IPTs). Books went subject at 12:20pm UKT. UOP: GCP, including the repayment of bank loans. Biz: global manufacturer of auto-parts and components. HQ: Friedrichshafen, Germany.;