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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
COND
PRCD
MCFP
LVMH Moet Hennessy Louis Vuitton SE€1,500
2EMEA
Feb 16, 2026
currency
EUR
size (m)
750.000
maturity
Jun 25, 2030
type
Fixed
tenor
4.250
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+65 area
ipt-pxd
-30
guidance
MS+35
spread
35
coupon
2.625%
spread set
-
price
99.62400
yield
2.72%
book size (m)
1,400
peak book (m)
2,100
x-covered
1.87
book attrition
-33.33%
nic
-
billing & delivering
active leads
BAM, CAG, CMZ, CRC, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,400
peak book (m)
2,100
x-covered
1.87
book attrition
-33.33%
nic
-
billing & delivering
active leads
BAM, CAG, CMZ, CRC, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
750.000
maturity
Feb 25, 2036
type
Fixed
tenor
10.000
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+100 area
ipt-pxd
-30
guidance
MS+70
spread
70
coupon
3.375%
spread set
-
price
99.31600
yield
3.457%
book size (m)
1,900
peak book (m)
2,200
x-covered
2.53
book attrition
-13.64%
nic
-
billing & delivering
active leads
BAM, CAG, CMZ, CRC, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,900
peak book (m)
2,200
x-covered
2.53
book attrition
-13.64%
nic
-
billing & delivering
active leads
BAM, CAG, CMZ, CRC, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1400; Registration: Reg S Only; Comments: EUR750m 4.25yr, cpn 2.625% at 99.624, yld 2.72%. Spread: MS+35. OBL 2.4 Apr30 #191 (100.60)+ 47.4bps | HR 102%. Par Call: 2m. MWC: B+10bps. LEI: IOG4E947OATN0KJYSD45; Book size: 1900; Registration: Reg S Only; Comments: EUR750m 10yr, cpn 3.375% at 99.316, yld 3.457%. Spread: MS+70. DBR 2.9 Feb36 (101.28) + 70.6bps | HR 95%. Par Call: 3m. MWC: B+15bps. LEI: IOG4E947OATN0KJYSD45;
Deal Comments
Reoffer: MS+35bps / 99.624 / 2.720% (4.5yr) | MS+70bps / 99.316 / 3.457% (10yr) Benchmark: OBL 2.4 Apr30 #191 @ 100.60 / B+47.4bps | HR 102% (4.5yr) | DBR 2.9 Feb36 @ 101.28 / B+70.6bps | HR 95% (10yr) Tranche 1 (4.5yr): Final Books €1.4bn+ Tranche 2 (10yr): Final Books €1.9bn+ Launched: 4.5yr: €750m @ MS+35 | 10yr: €750m @ MS+70 Spread set at: 4.5yr: MS+35 | 10yr: MS+70 Guidance: 4.5yr: MS+35 | 10yr: MS+70 IPTs: 4.5yr: MS+65bps area | 10yr: MS+100bps area Issuer: LVMH Moët Hennessy Louis Vuitton S.E. (MCFP, FR) Issuer LEI: IOG4E947OATN0KJYSD45 Issuer Ratings: Aa3/AA- (Stable/Stable) by Moody's/S&P Expected Issue Ratings: Aa3/AA- by Moody's/S&P Format: Senior Unsecured, Reg S (Cat 2) Bearer Dematerialized Size: €1.5bn Coupon: 4.5yr: 2.625% Fixed, Annual, Act/Act ICMA, short first 10yr: 3.375% Fixed, Annual, Act/Act ICMA, long first Par Call: 4.5yr: 2-month 10yr: 3-month Make-Whole Call: 4.5yr: B+10bps 10yr: B+15bps ISIN: 4.5yr: FR0014016GC3 10yr: FR0014016GD1 Docs: EMTN Programme / Luxembourg Listing / French Law / Clean-up @80% / MWC (Bund) / Euroclear France Denoms: €100k + 100k UoP: General Corporate Purposes Global Coordinators & Active Bookrunners: CACIB, Citi (B&D), Deutsche Bank, Natixis Other Active Bookrunners: BofA Securities, CIC CIB, Commerzbank, HSBC, Mizuho, MUFG, RBC Capital Markets, UniCredit Timing: Trade 2/16. Settle 23-Feb-26 (T+5) ToE: 4.5yr 15.54 UKT | 10yr 15.55 UKT FTT: 16.20 UKT
Use of Proceeds
General Corporate Purposes

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