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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
FNCL
PRCD
AXANO
Axactor ASA€300
1EMEA
Sep 3, 2021
currency
EUR
size (m)
300.000
maturity
Sep 15, 2026
type
Floating
tenor
5.000
call
4.00
registration
-
benchmark
-
ranking
Sr. Unsecured
moody's
B3
s&p
B
fitch
-
size description
-
re-open/tap
No
ipt
IPT: 3mE+550-575bp (0% EURIBOR floor),
ipt-pxd
-
guidance
EUR300m at 3mE+535-550bp (WPIR), 0% EURIBOR floor, issue price par
spread
535
coupon
-
spread set
-
price
100.00000
yield
-
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
Redemption: 2024-09-15;
Deal Comments
In the Nordic market: 09/03/2021 Axactor SE (AXANO) EUR300m sr unsec FRN due 09/15/26 (5y). NC4 (MWC), then at 101.070 until 03/15/26, then at 100.535. B3/B (positive/stable). Via Arctic (B&D)/DNB/Nordea jt books. Floats/pays quarterly (Act/360). List Oslo. Norwegian law. Settles 09/15. ISIN: NO0011093718. IPT: 3mE+550-575bp (0% EURIBOR floor), issue price par. Revised guidance: EUR300m at 3mE+535-550bp (WPIR), 0% EURIBOR floor, issue price par (books are covered at the revised guidance). Final terms: EUR300m at +535bp, 0% EURIBOR floor, issue price par. Priced: 3mE+535bp, 0% EURIBOR floor, at 100. Did a series of fixed income investor calls commencing 08/30 (in Norwegian at 1pm CET Mon 08/30 and in English at 1pm CET Wed, 09/01). Books closed at 2:30pm CEST 09/03. UOP: repay its existing EUR140m bond held by its largest shareholder Geveran Trading Co Ltd, repay different EUR40m Italian loan facilities, and GCP. Biz: debt purchaser and debt collection in Europe. HQ: Oslo, Norway.

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