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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COND
PRCD
ZFFNGR
ZF Europe Finance BV€1,000
1EMEA
Feb 9, 2026
currency
EUR
size (m)
1,000.000
maturity
Feb 17, 2032
type
Fixed
tenor
6.000
call
0.00
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Ba2
s&p
BB-
fitch
-
re-open/tap
No
ipt
6.00% area
ipt-pxd
-
guidance
5.625% area (+/- 12.5bps) WPIR
spread
293.1
coupon
5.50%
spread set
-
price
100.00000
yield
5.50%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
joint leads
-
passive leads
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
joint leads
-
passive leads
co-managers
-
coordinating managers
-
Tranche Comments
First Pay: 2027-02-17; Registration: Reg S Only; Comments: B&D: BNP. Tax Call: Yes. Clean-up Call: 80%. CoC: 100%. LEI: 549300RI533US2G6G542;
Deal Comments
The deal was upsized from 750m to 1bn.
Guarantor(s)
ZF Friedrichshafen AG
Use of Proceeds
General corporate purposes, refinancing existing indebtedness and financing the Tender Offer of the outstanding EUR 2.000% and 2.750% May 2027 notes of ZF Finance GmbH