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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
ENGY
PRCD
ELPEGA
HELLENiQ ENERGY Finance PLC€450
1EMEA
Jul 17, 2024
currency
EUR
size (m)
450.000
maturity
Jul 24, 2029
type
Fixed
tenor
5.000
call
0.00
registration
Reg S Only
benchmark
-
ranking
Sr. Unsecured
moody's
NR
s&p
NR
fitch
-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
4.375%-4.50%, revised from 4.75% area
spread
202.5
coupon
4.250%
spread set
-
price
99.44400
yield
4.375%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
APH, EFG, HSB, NBG, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
APH, EFG, HSB, NBG, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Registration: Reg S Only; Comments: B&D: GSC;
Deal Comments
07/17/2024 HELLENiQ ENERGY Finance plc (ELPEGA) EUR450m (up from EUR400m) Reg S sr notes due 07/24/29 (5y). NCL (3mo par call). Not rated. Via GS (B&D)/Citi jt glocos and physical books/HSBC jt books, Alpha Bank, Eurobank, Natl Bank of Greece, Piraeus Bank as co-lead managers. List Lux. English law. Pays Jan 24 and July 24, starting 01/24/25. Settles 07/24 (T+5). Reg S ISIN: XS2867254224. Price talk: 4.75% area (+/-12.5bp). Revised price talk: 4.375%-4.50%. Priced: 4.25% at 99.444, yield 4.375%. +202.5bp vs DBR 0.00% 08/15/29. Roadshow 07/15-16 (investor call 11am UKT 07/15). Books closed at 2pm UKT (from 12:30pm) UKT 07/17. UOP: along with cash on hand, to fund the tender offer for its EUR600m 2% sr notes due 10/04/24 (100 purchase price, Citi/GS/Alpha Bank/Euro Bank/HSBC/Natl Bank of Greece/Piraeus Bank as dealer managers). Major shareholders: Paneuropean Oil and Industrial Holdings SA (40%) and the Hellenic Republic Asset Development Fund (31%). Biz: oil and gas refining, logistics and marketing in Eastern Mediterranean and Southeast Europe. HQ: Mauroussi, Greece.

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