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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
ENGY
PRCD
SASOL
Sasol Financing USA LLC$1,000
1EMEA
Apr 26, 2023
currency
USD
size (m)
1,000.000
maturity
May 3, 2029
type
Fixed
tenor
6.000
call
-
registration
144A/Reg S
benchmark
-
ranking
Sr. Unsecured
moody's
Ba2
s&p
BB+
fitch
-
size description
-
re-open/tap
No
ipt
8.875-9%
ipt-pxd
-
guidance
n/a
spread
523.3
coupon
8.750%
spread set
-
price
100.00000
yield
8.750%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Registration: 144A/Reg S;
Deal Comments
Sasol Financing USA LLC (SASOL) exp Ba2/BB+ (p/s) US$1bn 144A/Reg S 6y sr notes due 5/3/29. MWC then 2mos par call. 101 CoC. Tax changes call. Citi/SMBC Nikko as Global Coordinators, BofA/IMI-Intesa/JPM/Miz/MUFG/SCB as Joint Active Books. Guarantor: Sasol Limited. UOP: gcp, repay existing debt. Pricing 4/26. IPTs: 8.875-9%.

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