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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
UTIL
PRCD
ENGPRO
Energo Pro As$300
1EMEA
Oct 26, 2023
currency
USD
size (m)
300.000
maturity
Nov 2, 2028
type
Fixed
tenor
5.000
call
2.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Unsecured
moody's
NR
s&p
B+
fitch
BB-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
11.00-11.25%
spread
-
coupon
11.000%
spread set
-
price
100.00000
yield
11.000%
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
Redemption: 2025-11-02; Registration: 144A/Reg S;
Deal Comments
Emerging Markets: 10/26/2023 Energo-Pro as (ENGPRO) US$300m 144A/Reg S sr gtd notes due 11/02/28 (5y). NC2 (MWC T+50bp), then at 105.50, 102.75, 100. Equity claw: 2y 40% at 111.00. NR/B+/BB- (--/CreditWatch developing/stable). Via GS/JPM (B&D) jt books. No reg rights. List Dublin. English law. Settles 11/02 (T+5). Reg S ISIN: XS2706258352. Px talk: 11%-11.25%. Priced: 11.00% at 100. Did investor call 10:30am UKT 10/25. Books closed at 4:30pm UKT/11:30am NYT 10/26. Run off the EM and HY desks in London. UOP: repay EUR300m bridge loan from JPM/GS incurred to fund the acquisition of Xallas Electricidad y Aleaciones SAU and Feroe Ventures & Investments SLU (Wester European based hydro generators) from Sixth Street. Biz: an electric Utility (generation and distribution) with operating companies in Bulgaria, Georgia, Turkey, and Spain. HQ: Prague, Czech Republic. (Acquisition announced 10/11/2023).

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