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Commentary & Deal Flow

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LAUNCHED: EUROFIMA €550m 4yr Sr Unsec; MS+13bp

IGC European Market: Deal Flow - SSA

Issuer

Term

Maturity

Size

Ranking

Type

Guidance

Spread Set

ISIN

EUROFIMA

4yr

13-Sep-30

€550m

Sr Unsec

Fixed

MS+15a

MS+13

XS3373371551


Launched: €550m @ MS+13bp - Books in excess of €2bn (incl. €255mm JLM)
Guidance: MS+15bp area

  • Issuer: EUROFIMA The European Company for Financing of Railroad Rolling Stock
  • Ticker: EUROF
  • LEI: 4S66HJ5RNB5ZWG9YW219
  • Credit Rating: Aa2/AA/AA (Moody's/S&P/Fitch)
  • ESG Rating: Sustainalytics 4.6 (negligible risk), ISS ESG B- (Prime), MSCI ESG rating AAA
  • Format: Reg S Bearer
  • Size: €550m
  • Coupon: Fixed, Annual, ACT/ACT, Short 1st coupon
  • Maturity: 13-Sep-30
  • Settlement: 13-May-26 (T+5)
  • Governing Law: English Law
  • Listing: Luxembourg
  • Denominations: 100k+1k
  • Target Market: The manufacturer target markets (MIFID II/UK MiFIR product governance) as assessed by the lead managers are eligible counterparties and professional (all distribution channels).
  • Docs: Issuer’s Debt Issuance Programme
  • Leads: BNPP, BofA, DB, JPM, NatWest
  • Timing: Books to close at 10:30 UK / 11:30 CET. Allocations and pricing to follow.
  • ISIN: XS3373371551