| C/P | Industry | Status | Ticker(s) | Issuer(s) | Size(m) | Tranches | Region | Date | |
|---|---|---|---|---|---|---|---|---|---|
IGC | ENGY | PRCD | ADNOCM | Adnoc Murban RSC Ltd | $4,000 | 3 | EMEA | Sep 4, 2024 |
ADNOC Murban RSC Ltd ”ADNMUR” exp (Aa2/AA/AA) US$4bn 144A/Reg S 3-part sr unsec notes (5y due 9/11/29, 10y due 9/11/34 and 30y due 9/11/54). 1mo par call on 5y, 3mos on 10y and 6mos on 30y. JPM (B&D)/MS joint global coordinators. UOP: gcp. Investor presentation: https://www.netroadshow.com/nrs/home/#!/? show=85372761 Or visit http://www.netroadshow.com entry code: ADNOC24 (not case- sensitive). Pricing 9/4. Settle 9/11. IPTs: 5y T+105 area, 10y T+115 area, 30y T+145 area.
VIA BofA/Citi/FADB active JBRs. ADCB/HSBC/Miz/SMBC passive JBRs.
Announced with benchmark size, final size came in at $4bn with price progression as follows:
5yr IPT - 105 area; GDNC 80 area; PXD $1bn 4.25% 9/11/29 99.880 4.277% T+70.
10yr IPT - 115 area; GDNC 90 area; PXD $1.5bn 4.50% 9/11/34 99.000 4.624% T+85.
30yr IPT - 145 area; GDNC 120 area; PXD $1.5bn 5.125% 9/11/54 98.449 5.228% T+115.
Debut from this issuing entity. CONCESSION N/A.
FINAL BOOKS:
$1.0bn 5yr - $4.50bn (4.50x)
$1.5bn 10yr - $4.10bn (2.73x)
$1.5bn 30yr - $5.00bn (3.33x)