Nestle Finance International Ltd (NESNVX)

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Nestle Finance International Ltd (NESNVX)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	CONS	PRCD	NESNVX	Nestle Finance International Ltd	€1,100		2	EMEA	Jan 7, 2025

Tranche #1Nestle Finance International Ltd

currency

EUR

size (m)

600.000

maturity

Jan 14, 2045

type

Fixed

tenor

7.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Aa3

s&p

AA-

fitch

size description

Expected

re-open/tap

ipt

MS+90 area

ipt-pxd

-33

guidance

MS+60 area

spread

115

coupon

2.875%

spread set

price

99.39500

yield

2.972%

book size (m)

1,400

peak book (m)

2,500

x-covered

2.33

book attrition

-44.00%

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

1,400

peak book (m)

2,500

x-covered

2.33

book attrition

-44.00%

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche #2Nestle Finance International Ltd

currency

EUR

size (m)

500.000

maturity

Jan 14, 2045

type

Fixed

tenor

20.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Aa3

s&p

AA-

fitch

size description

Will Not Grow

re-open/tap

ipt

MS+150 area

ipt-pxd

-35

guidance

MS+120 area

spread

115

coupon

3.500%

spread set

price

98.14600

yield

3.632%

book size (m)

3,550

peak book (m)

3,850

x-covered

7.1

book attrition

-7.79%

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

3,550

peak book (m)

3,850

x-covered

7.1

book attrition

-7.79%

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

7Y: Book size: 1400; Registration: Reg S Only; 20Y: Book size: 3550; Registration: Reg S Only;

Deal Comments

The deal was upsized from EUR1bn to EUR1.1bn

Guarantor(s)

Nestle SA

# of Loans

# of Properties

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