Book size: 2200; Registration: Reg S Only; Comments: EUR850m(upsized from EUR750m) 7yr cpn fxd 3.625% at 99.110, yld 3.772%. Spread: MS+125. 132.2bps vs. DBR 1.7% 08/15/2032 @ 95.32 / 2.450% (HR 100%). MWC: B+20bps. Par Call: 3m. Clean-Up Call: 80%. CoC: 101%. LEI: 81560066183FE361C071;
Deal Comments
Sustainability-Linked Bond. The deal was upsized from EUR750m to EUR850m.
Use of Proceeds
General Corporate Purposes and refinancing of existing indebtedness, including the financing of the concurrent tender offer on the Issuer’s July 26 Notes