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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
ENGY
PRCD
SASOL
Sasol Financing USA LLC$1,500
2EMEA
Mar 11, 2021
currency
USD
size (m)
650.000
maturity
Sep 18, 2026
type
Fixed
tenor
5.500
call
-
registration
SEC Registered
benchmark
-
ranking
-
moody's
Ba2
s&p
BB
fitch
-
size description
-
re-open/tap
No
ipt
high 4%s
ipt-pxd
-
guidance
n/a
spread
359.7
coupon
4.375%
spread set
-
price
100.00000
yield
4.375%
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
currency
USD
size (m)
850.000
maturity
Mar 18, 2031
type
Fixed
tenor
10.000
call
-
registration
SEC Registered
benchmark
-
ranking
-
moody's
Ba2
s&p
BB
fitch
-
size description
-
re-open/tap
No
ipt
high 5%s
ipt-pxd
-
guidance
n/a
spread
397.9
coupon
5.500%
spread set
-
price
100.00000
yield
5.500%
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: SEC Registered; Registration: SEC Registered;
Deal Comments
Sasol Financing USA LLC exp Ba2/BB US$1.5bn SEC registered 2-part sr notes (5.5y due 9/18/26 and 10y due 3/18/31). Gtd by Sasol Ltd. BofA (sole GC/B&D)/Citi/Miz/MUFG joint active books. Passive: ABN/BNP/DB/IMI/JPM/ SBMC/Unicred. List New York, New York Law. Pricing 3/11. Settle 3/18. IPTs: 5.5y: high 4%s, 10y high 5%s.Sasol Limited ("Sasol"), rated Ba2 (Negative) by Moody’s and BB (Negative) by S&P, and its wholly owned subsidiary Sasol Financing USA LLC (the "Issuer"), have mandated BofA Securities as Global Coordinator and BofA Securities, Citi, Mizuho and MUFG as Joint Active Bookrunners to arrange a Global Investor Call on Monday, 8 March 2021 at 14:30 GMT / 9:30 EST, along with a series of individual and small group investor calls commencing on the same date. A US$-denominated benchmark-size SEC-registered offering by the Issuer, guaranteed by Sasol, with expected tenors of long 5 years and / or 10 years will follow, subject to market conditions. FCA / ICMA stabilization applies.

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