OPmobility SE (OPMFP) EUR300m (WNG) Reg S bearer sr unsec notes due 02/05/31 (5.5y). NCL (MWC B+30) (3m par call) (75% at par clean-up call). NR/BB+ (--/negative). Via BNP (B&D)/Natixis jt glocos/CIC/CA jt active books. List Paris. French law. CoC. Annual pay (Act/Act), short first coupon. Denoms: 100kx100k. Settles 08/05 (T+5). ISIN: FR0014011OU0. IPT: 5.00% area yield. Guidance: 4.50% area. Final terms: EUR300m at 4.30%.
Priced: 4.2955% at 100, yield 4.30%. MS+191.7bp. +200.9bp vs DBR 2.40% 11/15/30.
Did investor calls 07/28 (Natixis coordinated roadshow logistics). Books went subject at 11:35pm UKT 07/29. Books in excess of EUR3.7bn (pre-rec, good at guidance). UOP: GCP, including the refinancing of existing debt. Publicly listed in Paris (OPM FP), but family controlled. Biz: designer and manufacturer of auto parts. HQ: Levaillois, France.
Deal Roadshow link: https://dealroadshow.com/e/OPMOBILITY2025.