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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COMM
PRCD
ZEGLN
Zegona Finance PLC€150
1EMEA
Jul 30, 2025
currency
EUR
size (m)
150.000
maturity
Jul 15, 2029
type
Fixed
tenor
4.000
call
1.00
registration
Private Placement
benchmark
-
ranking
Sr. Secured
moody's
Ba3
s&p
BB
fitch
BBB-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
-
spread
-
coupon
6.750%
spread set
-
price
105.50000
yield
-
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
Redemption: 2026-07-15; Registration: Private Placement;
Deal Comments
Private Placement: Zegona Finance plc (Vodafone Spain) (ZEGLN) EUR150m add-on to its 6.75% sr sec notes due 07/15/29 (4y). NC1 (07/15/26) (MWC B+50bp), then at 103.375 07/15/26, 101.6875 07/15/27, 100 07/15/28. Equity claw: 1y 40% at 106.75. Special call: 10% per year the 1st years at 103. Ba3/BB/BBB- (positive/positive/stable). Via Barc/DB/ING/UniCredit jt placement agents. No reg rights. List lux. NY law. Settles 08/07 (T+6). Temporary ISIN: XS3144964775. Permanent Reg S ISIN: XS2859406139. The original EUR1.3bn issue priced 07/10/24. Priced: 6.75% add-on at 105.50. UOP: partially refinace existing debt, including existing TLA and up to 10% of the existing EUR & USD sr sec notes at 103. Biz: leading integrated provider of Broadband, Mobile and TV in Spain.

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