Book size: 1600; Registration: Reg S Only; Comments: EUR350m 4yr fxd cpn 3.50% at 99.663, yld 3.592%. Spread: MS+130bps. OBL 2 ½ 10/11/29 #190 (@101.25% / 142.9bp) / HR: 98%. MWC: OAT+20bp. CoC: Yes. Par Call: 3m. Clean-up Call: 75%. LEI: 5299007YZU978DE0ZY32;
Book size: 1800; Registration: Reg S Only; Comments: EUR500m 8yr fxd cpn 4.375% at 99.162, yld 4.502%. Spread: MS+195bps. DBR 2.6 08/15/33 (@100.67% / 199.9) / HR: 94%. MWC: OAT+25bp. CoC: Yes. Par Call: 3m. Clean-up Call: 75%. LEI: 5299007YZU978DE0ZY32;
Use of Proceeds
The proceeds will be used to repay the bridge loan that was incurred to fund the CoC put on Verallia's existing notes following the acquisiton of a 77% interest in Verallia by BWGI (a change of control).