Related Deals
Related Parents
Related Issuers
by Stephen Carter
Sep 02, 2025 8:28 AM ET
Iliad Holding SAS (ILDFP) EUR600m (up from EUR500m) Reg S bearer dematerialized sr notes due 01/09/32 (6.5y). NCL (MWC, 3mo par call, 75% clean-up call). Expect Ba2/BB/BB (--/positive/positive). Via BNP/BofA/CA/Commerz/Natixis (B&D)/UniCredit jt active books/CIC/ING/JPM/La Banque Postale/Mizuho/MUFG jt passive books, Banco Sabadell, Santander, SMBC as co-managers. List ISE. French law. CoC at 100. Annual pay (Act/Act ICMA, long first. Denoms: 100kx100k. Settles 09/09 (T+5). ISIN: FR001401121H7. IPT: 4.75% area. Guidance: 4.375% area (+/-12.6bp) WPIR.
Final terms: EUR600m at 4.25%.
A Deal Roadshow is available. Books closed at 12:45pm UKT 09/02. Reconfirm by 1:45pm UKT 09/02. Pricing 09/02 UK afternoon. Books over EUR1.6bn (from EUR1.7bn at guidance). UOP: GCP. Iliad Holding SAS is 100% owned by Xavier Niel. Biz: a leading European telecom provider, offering fixed internet access in France and Poland, and mobile internet access in France, Italy and Poland. HQ: Paris, France.
Deal Roadshow: https://dealroadshow.com/e/ILIAD25. Entry code: ILIAD25.