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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
INDS
PRCD
OPM
OPmobility SE (fka Compagnie Plastic Omnium SE)€500
1EMEA
Mar 6, 2024
currency
EUR
size (m)
500.000
maturity
Mar 13, 2029
type
Fixed
tenor
5.000
call
0.00
registration
Reg S Only
benchmark
-
ranking
Sr. Unsecured
moody's
NR
s&p
BB+
fitch
-
re-open/tap
No
ipt
5.375-5.50% yield
ipt-pxd
-
guidance
5.125% area +/-12.5bp (WPIR)
spread
267
coupon
4.875%
spread set
-
price
99.45900
yield
5.000%
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
Registration: Reg S Only;
Deal Comments
IG/HY crossover: 03/06/2024 Compagnie Plastic Omnium SE (POMFP) EUR500m Reg S only bearer dematerialized sr notes due 03/13/29 (5y). NCL (MWC B+40bp) (3mo par call) (75% clean-up call). NR/BB+ (--/stable). Via BNP (B&D, gloco)/CIC/CA (gloco)/Natixis/SocGen jt active books. List Paris. French law. Annual pay (Act/Act). Settles 03/13 (T+5). ISIN: FR001400OLD1. IPT: 5.375%-5.50% yield. Guidance: 5.125% area +/-12.5bp (WPIR). Size set at EUR500m. Final terms: EUR500m at 5.00%. Priced: 4.875% at 99.459, yield 5.00%. ms+228.6bp. +267bp vs DBR 0.25% 02/2029. Did investor calls 03/04-05. Books closed at 12:45pm UKT 03/06. Book closed above EUR1.45bn (pre-rec at guidance). UOP: GCP. Biz: auto parts manufacturer. HQ: Levallois Cedex, France.

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