09/06/2023 ZF Europe Finance BV (ZFFNGR) EUR650m (up from EUR500m) Reg S only bearer Green sr notes due 03/13/2029 (5.5y). NCL (3mo par call) (MWC B+50bp) (cleanup call). Ba1/BB+ (stable/stable) (gtd by ZF Freiedrichshafen AG). Via BNP/Mizuho (B&D)/SMBC Nikko/UniCredit jt books. Off the EMTN programme. List Lux. German law. Annual coupon (Act/Act), short first. Settles 09/13 (T+5). ISIN: XS2681541327. IPT 6.50% area. Guidance: 6.25%-6.375% yield. Final terms: EUR650m at 6.25% yield. Priced: 6.125% at 99.478, yield 6.25%. +364.7bp vs DBR 0.25% 02/2029, MS+299.8bp. Books went subject at 1pm UKT 09/06. Final order book in excess of EUR1.9bn (from EUR2.05bn at tight end of guidance, pre-rec; and from EUR1.7bn). UOP: finance or refinance eligible green projects as defined in the April 2021 Freen Finance Framework. Biz: a global technology company supplying systems for passenger cars, commercial vehicles and industrial technology. HQ: Friedrichshafen, Germany.