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