Holding d'Infrastructures des Metiers de l'Environment SAS (HIME - Saur) (SAUR) EUR550m (up from EUR500m) Reg S bearer sr unsec blue notes due 10/24/29 (5y). NCL (MWC B+45bp) (3mo par call) (75% clean-up call). NR/BB+/BB+ (--/stable/stable). Via BNP/CA (B&D)/MS/Natixis as jt glocos and jt active books/HSBC/SocGen passive books. List Dublin. English law. CoC. Annual pay (Act/Act). Settles 10/24 (T+6). ISIN: XS2918553855. IPT: 5.375%-5.50%. Guidance: 5.00% area (+/- 0.125%) WPIR. Final terms: EUR550m at 4.875% yield.
Priced: 4.875% at 100. ms+259.7bp. +283.2bp vs OBL 2.50% 10/29.
Roadshow (investor calls) 10/14-15. Books subject at 12:45pm UKT 10/16. Final books EUR1.95bn. UOP: refinance existing debt, including funding the tender offer for its EUR450m 0.125% Sustainability Linked Senior Notes due 09/16/25 (ISIN XS2385389551), BPN/CA/MS/Natixis as dealer managers and for GCP. Biz: a leading sustainable water pure player. HQ: Issy-les-Moulineaux, France.
Inaugural Blue Bond characteristics: Equivalent of 100% of the net proceeds allocated to expenditures related to the water life cycle; Fully aligned with ICMA Green Bond Principles; Fully aligned with IFC Blue Finance Guidelines. CA/Natixis are acting as Joint ESG Coordinators.
An amount equivalent to the net proceeds of the contemplated Blue bond issue will be used to finance and/or refinance, in whole or in part, new or existing Eligible Blue Projects as further described in the Saur’s Green & Blue Financing Framework (available on the following website: https://www.saur.com/investors).
Natixis coordinated Roadshow logistics. NetRoadshow presentation including a voice over: www.netroadshow.com; Entry Code: water74; Direct Link: www.netroadshow.com/nrs/home/#!/?show=32982b46.