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Schaeffler AG

Schaeffler AG (SHAEFF)

Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COND
PRCD
SHAEFF
Schaeffler AG€1,000
2EMEA
May 6, 2026
currency
EUR
size (m)
500.000
maturity
May 13, 2029
type
Fixed
tenor
3.000
call
-
registration
Reg S Only
benchmark
OBL
ranking
Sr. Unsecured
moody's
Ba1
s&p
BB+
fitch
BB+
size description
Will Not Grow
re-open/tap
No
ipt
4.75% area
ipt-pxd
-55
guidance
4.375% area
spread
160.8
coupon
4.125%
spread set
-
price
99.79300
yield
4.20%
book size (m)
2,500
peak book (m)
3,100
x-covered
5
book attrition
-19.35%
nic
-
billing & delivering
DEU
active leads
BAM,BLB,BNP,CTI,...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,500
peak book (m)
3,100
x-covered
5
book attrition
-19.35%
nic
-
billing & delivering
DEU
active leads
BAM,BLB,BNP,CTI,...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
500.000
maturity
May 13, 2033
type
Fixed
tenor
7.000
call
-
registration
Reg S Only
benchmark
DBR
ranking
Sr. Unsecured
moody's
Ba1
s&p
BB+
fitch
BB+
size description
Will Not Grow
re-open/tap
No
ipt
5.50% area
ipt-pxd
-40
guidance
5.25% area
spread
225.8
coupon
5.00%
spread set
-
price
99.42300
yield
5.10%
book size (m)
2,500
peak book (m)
2,700
x-covered
5
book attrition
-7.41%
nic
-
billing & delivering
DEU
active leads
BAM,BLB,BNP,CTI,...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,500
peak book (m)
2,700
x-covered
5
book attrition
-7.41%
nic
-
billing & delivering
DEU
active leads
BAM,BLB,BNP,CTI,...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 2500; Registration: Reg S Only; Comments: OBL 2.1 04/29 px 98.628 spd +160.8bps. Tax Call: Yes. Par Call: 1m. MWC: B+25. CoC: Yes. Clean-Up Call: 80%. LEI: 549300Q7E782X7GC1P43; Book size: 2500; Registration: Reg S Only; Comments: DBR 2.6 08/33 px 98.426 spd +225.8bps. Tax Call: Yes. Par Call: 3m. MWC: B+35. CoC: Yes. Clean-Up Call: 80%. LEI: 549300Q7E782X7GC1P43;
Use of Proceeds
General corporate and financing purposes
Relative Value

COMPS

Bond

Rating (M/S&P/F)

Issue Dt.

Amt.

Tenor

Yield

SHAEFF 3.375 10/28

Ba1 / BB+ / BB+

Oct-20

€750mm

2.4yr

4.215

SHAEFF 4.750 8/29

Ba1 / BB+ / BB+

Jan-24

€600mm

3.3yr

4.285

SHAEFF 4.500 3/30

Ba1 / BB+ / BB+

Mar-24

€850mm

3.9yr

4.478

SHAEFF 5.375 4/31

Ba1 / BB+ / BB+

Apr-25

€600mm

4.9yr

4.618

SHAEFF 4.500 5/32

Ba1 / BB+ / BB+

Nov-25

€750mm

6.0yr

4.863

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Commentary

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Deal Flow

All Deal Flow
PRICED: Schaeffler €1.0bn 3yr & 7yr Sr Unsec; 4.2% & 5.1%May 6, 2026
LAUNCHED: Schaeffler €1bn 3yr & 7yr Sr Unsec; 4.200% & 5.100%May 6, 2026
GUIDANCE: Schaeffler €500m WNG 3yr & €500m WNG 7yr Sr Unsec; 4.375%a & 5.250%aMay 6, 2026
NEW ISSUE: Schaeffler €500m WNG 3yr & 7yr Sr Unsec; IPTs 4.75%a & 5.500%a, pxg todayMay 6, 2026
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About
Careers
Contact
Solutions
API Overview
API Documentation
Global Issuers List
Global Parents List
Pricing
OpenMarket Profiles
Career Portal
CapEdge
CreditFlow
Deal Roadshow
DealVDR
Evercall
More
Americas
+1 888 997 6610
APAC
+852 3018 1600
EMEA
+44 80817 87364
support@creditflowresearch.com
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