Heineken NV (HEIANA)

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Heineken NV (HEIANA)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	CONS	PRCD	HEIANA	Heineken NV	€1,300		2	EMEA	Nov 3, 2025

Tranche #1Heineken NV

currency

EUR

size (m)

550.000

maturity

Jul 14, 2031

type

Fixed

tenor

5.700

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+95 area

ipt-pxd

-35

guidance

MS+65 area

spread

coupon

2.99%

spread set

price

99.97400

yield

2.997%

book size (m)

1,000

peak book (m)

2,300

x-covered

1.82

book attrition

-56.52%

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,000

peak book (m)

2,300

x-covered

1.82

book attrition

-56.52%

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Heineken NV

currency

EUR

size (m)

750.000

maturity

Nov 14, 2045

type

Fixed

tenor

20.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+170 area

ipt-pxd

-38

guidance

MS+140 area

spread

132

coupon

4.242%

spread set

price

100.00000

yield

4.242%

book size (m)

1,600

peak book (m)

3,300

x-covered

2.13

book attrition

-51.52%

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,600

peak book (m)

3,300

x-covered

2.13

book attrition

-51.52%

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

Book size: 1000; Registration: Reg S Only; Comments: EUR550m(from EUR500m) 5.7yr cpn fxd 2.99% at 99.974, yld 2.997%. Spread: MS+60bps. DBR 0 02/31 + 74.8bps (@88.920). HR 111%. Clean-up Call: 75%. Tax Call: Yes. Par Call: 3m. CoC: 100%. MWC: B+15. LEI: 724500K5PTPSST86UQ23; Book size: 1600; Registration: Reg S Only; Comments: EUR750m(from EUR500m) 20yr cpn fxd 4.242% at 100, yld 4.242%. Spread: MS+132bps. DBR 2 ½ 07/04/44 + 114.7bps (@91.654). HR 100%. Clean-up Call: 75%. Tax Call: Yes. Par Call: 6m. CoC: 100%. MWC: B+20. LEI: 724500K5PTPSST86UQ23;

Deal Comments

The deal was upsized from EUR1bn to EUR1.3bn

Use of Proceeds

General corporate purposes, which include financing acquisitions

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Heineken NV (HEIANA)

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