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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
ENGY
PRCD
RUBIST
Rubis Terminal Infra€150
1EMEA
Oct 8, 2020
currency
EUR
size (m)
150.000
maturity
May 15, 2025
type
Fixed
tenor
4.500
call
1.50
registration
144A/Reg S
benchmark
-
ranking
-
moody's
B1
s&p
B+
fitch
-
size description
-
re-open/tap
No
ipt
103 area
ipt-pxd
-
guidance
103.50 area (+/- 1/4)
spread
540
coupon
5.625%
spread set
-
price
103.87500
yield
4.670%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Registration: 144A/Reg S; Comments: 10/07/2020 Rubis Terminal Infra (RUBIST) EUR150m 144A/Reg S add-on to its 5.625% sr sec notes due May 15, 2025 (4.5y). NC1.5 (05/15/22) (MWC B+50bp), then at 102.8125, 101.4063, 100. Equity claw: 1.5y 40% at 105.625. Special call: 10% per year the 1st 1.5 years at 103. B1/B+ (stable/stable). Via JPM (sole phys/B&D)/CA joint books. No reg rights. List TISE (Channel Islands). Settles 10/22 (T+10). Temporary Reg S ISIN: 22438997282. Existing Reg S ISIN: XS2178048257. Fungible with the EUR410m issue priced 05/14/20. IPT: 103 area. Px talk: 103.50 area (+/- 1/4). Launched: at 103.875. Priced: 5.625% at 103.875, 4.670% YTM. +540bp vs OBL 0% April 2025. Did investor call at 10am UKT 10/08. 1x1 calls were available. Books closed at 1pm UKT 10/08. Reconfirms were due by 2pm UKT 10/08. UOP: along with EUR175m shareholder cash contributions, to fund the acquisition of TEPSA, a leading independent storage operator in Spain, for EUR359m. Biz: leading independent storage provider of petroleum products, chemicals, agro products and fertilizer in Europe, owned by Rubis SCA (54.8%), a french-listed major intl energy group, and I Squared Capital (45%). HQ: Paris, France. (Acquisition announced 07/21/20).;