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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COND
PRCD
ZFFNGR
ZF Europe Finance BV€800
1EMEA
Jan 24, 2024
currency
EUR
size (m)
800.000
maturity
Jan 31, 2029
type
Fixed
tenor
5.000
call
0.00
registration
Reg S Only
benchmark
-
ranking
Sr. Unsecured
moody's
Ba1
s&p
BB+
fitch
-
re-open/tap
No
ipt
5.25% area yield
ipt-pxd
-
guidance
4.875% area
spread
253.9
coupon
4.750%
spread set
-
price
100.00000
yield
4.750%
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: Reg S Only; Comments: B&D: DEU;
Deal Comments
01/24/2024 ZF Europe Finance BV (ZFFNGR) EUR800m Reg S only bearer sr unsec green bond due 01/31/29 (5y). NCL (MWC B+40bp) (3mo par call) (80% clean-up call). Ba1/BB+ (stable/stable). Via Barc/DB (D&B)/ING/SEB jt books. Annual pay (Act/Act). Settles 01/31 (T+5). ISIN: XS2756958075. IPT: 5.25% area yield. Guidance: 4.875% area. Final terms: EUR800m at 4.75% yield. Priced: 4.75% at 100. +253.9bp vs DBR 0% 11/15/28. MS+205.6bp. Final books over EUR3.25bn. UOP: to finance and/or refinance eligible green projects. Biz: a global technology company supplying systems for passenger cars, commercial vehicles and industrial technology. HQ: Friedrichshafen, Germany.

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