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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
HLTH
PRCD
BDX
Becton Dickinson Euro Finance Sarl€600
1EMEA
May 11, 2026
currency
EUR
size (m)
600.000
maturity
May 20, 2033
type
Fixed
tenor
7.000
call
-
registration
SEC Registered
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa2
s&p
BBB
fitch
BBB
size description
-
re-open/tap
No
ipt
MS+125 area
ipt-pxd
-32
guidance
n/a - straight to launch
spread
93
coupon
3.855%
spread set
-
price
100.00000
yield
3.855%
book size (m)
1,900
peak book (m)
2,600
x-covered
3.17
book attrition
-26.92%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
co-managers
coordinating managers
-
book size (m)
1,900
peak book (m)
2,600
x-covered
3.17
book attrition
-26.92%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
co-managers
coordinating managers
-
Tranche Comments
Book size: 1900; First Pay: 2027-05-20; Registration: SEC Registered; Comments: DBR 2.3 02/15/33 TWIN (HR: 101%). Tax Call: Yes. Par Call: 3m. MWC: 15bps. CoC: 101%. LEI: 549300W40NLZ25XUTH09;
Deal Comments
Exp Size: EUR500m
Guarantor(s)
Becton Dickinson and Co
Use of Proceeds
To repay the entire aggregate principal amount outstanding of the Issuer’s 1.208% Euro Notes due June 4, 2026
Relative Value

COMPS

Issuer

Instrument

Currency

Size

Rating

Tenor

i-spread*

BECTON DICKINSON & CO

BDX 3.519 08/02/31

EUR

750

Baa2/BBB/BBB

4.8 yrs

67

BECTON DICKINSON & CO

BDX 3.828 07/06/32

EUR

1,000

Baa2/BBB/BBB

6.1 yrs

83

BECTON DICKINSON & CO

BDX 1.213 12/02/36

EUR

600

Baa2/BBB/BBB

9.8 yrs

106