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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
CONS
PRCD
NESNVX
Nestle Finance International Ltd€1,100
2EMEA
Sep 16, 2025
currency
EUR
size (m)
600.000
maturity
Sep 23, 2033
type
Fixed
tenor
8.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Aa3
s&p
AA-
fitch
-
size description
-
re-open/tap
No
ipt
MS+85-90
ipt-pxd
-32.5
guidance
MS+55-60
spread
55
coupon
3.00%
spread set
-
price
99.34300
yield
3.094%
book size (m)
2,200
peak book (m)
2,500
x-covered
3.67
book attrition
-12.00%
nic
-
billing & delivering
active leads
BBV, BRC, ING, JPM, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,200
peak book (m)
2,500
x-covered
3.67
book attrition
-12.00%
nic
-
billing & delivering
active leads
BBV, BRC, ING, JPM, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
500.000
maturity
Sep 23, 2028
type
Fixed
tenor
13.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Aa3
s&p
AA-
fitch
-
size description
-
re-open/tap
No
ipt
MS+110 area
ipt-pxd
-33
guidance
MS+80 area
spread
77
coupon
3.50%
spread set
-
price
99.39400
yield
3.559%
book size (m)
2,100
peak book (m)
2,700
x-covered
4.2
book attrition
-22.22%
nic
-
billing & delivering
active leads
BBV, BRC, ING, JPM, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,100
peak book (m)
2,700
x-covered
4.2
book attrition
-22.22%
nic
-
billing & delivering
active leads
BBV, BRC, ING, JPM, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 2200; Registration: Reg S Only; Comments: EUR600m 8yr cpn fxd 3.00% at 99.343, yld 3.094%. Spread: MS+55bps. DBR 2.6% 08/33 (100.44) + 55.7bp (HR: 98%). Par Call: 3m. CoC: Yes. LEI: 0KLLMNHINTFDRMU6DI05; Book size: 2100; Registration: Reg S Only; Comments: EUR500m 13yr cpn fxd 3.50% at 99.394, yld 3.559%. Spread: MS+77bps. DBR 1% 05/38 (79.79) + 62.4bp (HR: 111%). Par Call: 3m. CoC: Yes. LEI: 0KLLMNHINTFDRMU6DI05;
Deal Comments
Deal was upsized from EUR1bn to EUR1.1bn
Guarantor(s)
Nestle SA
Use of Proceeds
General Corporate Purposes

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