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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
INDS
PRCD
GETFP
Getlink SE€150
1EMEA
Oct 26, 2021
currency
EUR
size (m)
150.000
maturity
Oct 30, 2025
type
Fixed
tenor
3.000
call
1.00
registration
Reg S Only
benchmark
-
ranking
Sr. Secured
moody's
NR
s&p
BB-
fitch
BB
size description
-
re-open/tap
Yes
ipt
-
ipt-pxd
-
guidance
101.75-102.00 final; from 101.50-101.75
spread
351.3
coupon
3.500%
spread set
-
price
102.00000
yield
2.965%
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: 2022-10-30; Registration: Reg S Only;
Deal Comments
10/26/2021 Getlink SE (GETFP) EUR150m Reg S add-on to its 3.50% sr sec green notes due 10/30/25 (3y). NC1 (10/30/22) (MWC B+50bp), then at 101.75, 100.875, 100. Equity claw: 1y 40% at 103.50. NR/BB-/BB (--/negative/stable). Via BNP/GS joint glocos and active books/SocGen joint books. No reg rights. Debt service reserve account covering 12mos of interest on the notes and commitment fees on the RCF. List Dublin. English law. Settles 11/02 (T+5). ISIN: XS2247623643. Fully fungible with the original $700m issue priced 10/22/20. Px talk: 101.50-101.75. Final px talk: 101.75-102.00 (WPIR). Priced: 3.50% add-on at 102.00, 2.965% YTM. +351.3bp vs OBL 0.00% 10/10/25. Did investor call at 10am UKT 10/25, 1-on-1s 10/25-26. Books closed at 1pm UKT today. UOP: to fund eligible green assets. Biz: A leading operator of mobility and infrastructure assets; it is the parent company of Eurotunnel, the leader in cross-Channel transportation. HQ: Paris, France.

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