OCP S.A. (OCPMR) exp Baa3/BB+/BB+ (s/p/s) US$1.75bn 144A/Reg S 2-part sr notes (5y due 5/30/30 and long 10y due 3/1/36). 1mo par call on 5y and 3mos on L10y. Citi/JPM (B&D) as JGCs/active JBRs; BNP/DB/Miz/SMBC as passive JBRs. Pricing 4/23. Settle 4/30.
IPTs: 5y +265 area, L10y +290 area.UPDATE: 5y spread set at T+235#, L10y spread set at T+260#.
PRICED:$750m 6.10% 5/30/30 99.006 6.335% T+235.$1bn 6.70% 3/1/36 98.027 6.964% T+260.
----------------------------------------------------------
OCP S.A. (“OCP”), rated Baa3 (Stable) by Moody’s, BB+ (Positive) by S&P and BB+ (Stable) by Fitch, a global leader in the fertilizer industry, has mandated Citi and J.P. Morgan as Joint Global Coordinators and Active Bookrunners to arrange a series of virtual fixed income investor calls starting on Tuesday, 22 April 2025. A pre-recorded Investor Presentation with voice-over will be made available on DealRoadshow. Citi is coordinating logistics.A benchmark USD-denominated Rule 144A/Reg S senior unsecured bond offering consisting of a 5-year tranche and a long 10-year tranche, expected to be rated Baa3 by Moody’s, BB+ by S&P and BB+ by Fitch, may follow – subject to market conditions. BNP PARIBAS, Deutsche Bank, Mizuho and SMBC have been appointed as Passive Bookrunners.FCA/ICMA stabilisation applies.