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Commentary & Deal Flow

NEW ISSUE: Coca-Cola Europacific Partners €500m exp. 6yr Sr Unsec; MS+100a

IGC European Market: Deal Flow - General


Issuer

Term

Maturity

Size

Ranking

Type

IPT

ISIN

Coca-Cola Europacific Partners

6yr

08-May-32

€500m exp.

Sr Unsec

Fixed

MS+100a

XS3367599860


IPTs: 6yr: MS+100a

  • Issuer: Coca-Cola Europacific Partners plc (Ticker: CCEP, Country: GB)
  • Issuer LEI: 549300LTH67W4GWMRF57
  • Issuer Ratings: A3/A- (Moody's/Fitch)
  • Expected Issue Ratings: A3/A- (Moody's/Fitch)
  • Format: Senior, Unsecured, Reg S, Registered, NSS
  • Settlement: 08-May-26 (T+5)
  • Currency: Euro (“EUR”)
  • Tenor: 6-year
  • Size: €500m exp.
  • Maturity date: 08-May-32
  • IPTs: MS+100bps area
  • Coupon: Fixed, Annual Act/Act (ICMA), Following, Unadjusted
  • ISIN / Common Code: XS3367599860 / 336759986
  • Reference Bund: DBR 0 15-Feb-32 (Bund ISIN: DE0001102580)
  • Early Redemption: Make Whole Call, 3-month Par Call, Clean-Up Call (75% threshold), Tax Call
  • Docs: Euro Medium Term Note Programme Offering Circular dated 18-Mar-26 as supplemented on 29-Apr-26 (together, the “Offering Circular”)
  • Denomination: €100,000 and integral multiples of €1,000 in excess thereof
  • Listing / Admission to Trading: Official List of the Irish Stock Exchange plc trading as Euronext Dublin / Global Exchange Market
  • Clearing: Euroclear and Clearstream
  • Business Days: London, T2
  • Governing Law: New York Law
  • Selling Restrictions: As per the Offering Circular. Reg S Cat 2. TEFRA not applicable.
  • Covenants: Negative Pledge, restriction on sale and leaseback transactions – as set out in the Offering Circular
  • UoP: General corporate purposes (including, without limitation, the repayment of indebtedness from time to time)
  • Target Market / PRIIPs: Manufacturer target market (EU MiFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID)has been prepared as the Notes are not available to retail in the EEA
  • Joint Lead Managers: Barclays, BNP Paribas (B&D), Deutsche Bank, Goldman Sachs International
  • Stabilisation: FCA/ICMA
  • Timing: Books open, today’s business