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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
MTRL
PRCD
INEGRP
Ineos Finance PLC€325
1EMEA
Oct 22, 2020
currency
EUR
size (m)
325.000
maturity
Mar 31, 2026
type
Fixed
tenor
5.500
call
2.00
registration
144A/Reg S
benchmark
-
ranking
-
moody's
Ba2
s&p
BB+
fitch
BBB-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
3.25%-3.50%
spread
416
coupon
3.375%
spread set
-
price
100.00000
yield
3.375%
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: 10/22/2020 INEOS Finance plc (INEGRP) EUR325m (down from EUR350m) 144A/Reg S sr sec notes due March 31, 2026 (5.5y). NC2 (Nov 15, 2022) (MWC T+50bp), then at 101.688, 100.844, 100. Ba2/BB+/BBB- (neg/neg/neg). Via BofA/CS (B&D)/DB joint glocos/BNPP/Lloyds/Santander joint books. No reg rights. List Lux. NY law. Settles 10/29 (T+5). Reg S ISIN: XS2250349581. Price talk 3.25%-3.50%. TLB upsized by EUR25m to EUR375m. Launched: EUR325m at 3.375%. Priced: 3.375% at 100. +416bp vs DBR 0.50% 02/15/26. Did investor call at 12pm UKT 10/21. Books closed at 12pm UKT 10/22. Reconfirms were due at 2:45pm UKT 10/22. UOP: along with EUR375m (up from EUR350m) term loan, for GCP, including the payment future dividends to its parent of of up to EUR300m. Biz: Global manufacturer of petrochemicals, specialty chemicals and oil products. HQ: London, UK.;

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