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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
INDS
PRCD
KGXGR
Kion Group AG€500
1EMEA
Mar 17, 2026
currency
EUR
size (m)
500.000
maturity
Mar 24, 2031
type
Fixed
tenor
5.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
BB+
fitch
BBB
size description
Will Not Grow
re-open/tap
No
ipt
MS+185 area
ipt-pxd
-30
guidance
n/a - straight to launch
spread
155
coupon
4.125%
spread set
-
price
99.48700
yield
4.241%
book size (m)
2,350
peak book (m)
-
x-covered
4.7
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
BNP, CMZ, GSC, SOC, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,350
peak book (m)
-
x-covered
4.7
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
BNP, CMZ, GSC, SOC, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 2350; Registration: Reg S Only; Comments: EUR500m NG 5yr fxd cpn 4.125% at 99.487, yld 4.241%. Spread: MS+155bps. Par Call: 3m. Tax Call: Yes; CoC: Yes. Clean-Up Call: 80%. LEI: 5299005KY91C4C6U9H17;
Deal Comments
Reoffer: 5yr: MS+155bp / 99.487 / 4.241% Benchmark: 5yr: DBR 0% Feb-31 @ 88.47 / B+171.6bp / HR 104% Final Books: In excess of €2.35bn (good at re-offer). Launched: 5yr: €500m @ MS+155bp - Books in excess of €2.3bn IPTs: 5yr: MS+185a Issuer: KION Group AG (Ticker: KGXGR, Country: DE) Issuer LEI: 5299005KY91C4C6U9H17 Issuer Ratings: S&P: BB+ (stable) / Fitch: BBB (stable) Expected Issue Ratings: S&P: BB+ / Fitch: BBB Format: Senior Unsecured, Reg S Bearer, NGN Trade Date: 17-Mar-26 Settlement Date: 24-Mar-26 (T+5) Tenor: 5-year Size: €500m Maturity: 24-Mar-31 Reoffer: MS+155bp / 4.241% / 99.487 Benchmark: DBR 0% Feb-31 (88.47) + 171.6bp / HR 104% Coupon: 4.125%, Fixed, Annual, Act/Act ISIN: XS3314910632 Docs: Debt Issuance Programme Base Prospectus, dated 3-Mar-26 / German law / CoC / 3m Par Call / Tax Call / Clean-up Call (80%) Denomination: €1,000 (minimum purchase amount of €100,000 in the primary market) Listing: Regulated Market of the Luxembourg Stock Exchange Selling Restrictions: As per the Base Prospectus, dated 3-Mar-26 UoP: General corporate purposes, including the refinancing of existing debt related to the leasing business Joint Bookrunners: BNP Paribas (B&D), Commerzbank, Goldman Sachs Bank Europe SE, Societe Generale and UniCredit Target Market: Manufacturer target market (MIFID II / UK MIFIR product governance) is eligible counterparties, professional clients and retail clients (In each case advisory business, execution only, non-advisory business as distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as this issuance is not considered to be a packaged retail and insurance-based investment product (PRIIP). Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) and underlying legislation. The Base Prospectus, any Supplements and the Final Terms, when published, will be available at: https://www.luxse.com ToE: 15:03 UKT / 16:03 CET FTT: 15:20 UKT / 16:20 CET
Use of Proceeds
General corporate purposes, including the refinancing of existing debt related to the leasing business

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