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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
INDS
PRCD
GETFP
Getlink SE€700
1EMEA
Oct 22, 2020
currency
EUR
size (m)
700.000
maturity
Oct 30, 2025
type
Fixed
tenor
5.000
call
2.00
registration
Reg S Only
benchmark
-
ranking
-
moody's
NR
s&p
BB-
fitch
BB+
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
3.75% area, final px talk 3.50%-3.625%
spread
431
coupon
3.500%
spread set
-
price
100.00000
yield
3.501%
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: Reg S Only; Comments: 10/22/2020 Getlink SE (GETFP) EUR700m Reg S sr sec green notes due 10/30/25 (5y). NC2 (MWC B+50bp), then at 101.75, 100.875, 100. Equity claw: 2y 40% at 103.50. NR/BB-/BB+ (--/negative/stable). (MSCI ESG rating: AAA). Via BNPP (B&D)/GS joint glocos/active books/SocGen joint books. Debt service reserve account covering 12mos of interest on the notes and commitment fees on the RCF. List Dublin. English law. Settles 10/30 (T+6). ISIN: XS2247623643. Price talk: 3.75% area. Final px talk: 3.50%-3.625%. Priced: 3.50% at 100, 3.501% YTM. +431bp vs OBL 0% 10/25. Did investor call at 12pm UKT 10/20, 1-on-1s 10/20-21. Books closed at 10am UKT 10/22. Reconfirms were due by 11:15am UKT 10/22. UOP: redeem its EUR550m 3.625% sr sec notes due 10/01/23 (callable at 101.813), $121m to finance capex in relation to ElecLink and other green projects. Biz: A leading operator of mobility and infrastructure assets; it is also the parent company of Eurotunnel, the leader in cross-Channel transportation. HQ: Paris, France.;

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