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Commentary & Deal Flow

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NEW ISSUE: Engie € bmk 6yr & 12yr Green Sr Unsec; MS+100a & MS+135a

IGC European Market: Deal Flow - General

Issuer

Term

Maturity

Size

Ranking

Type

IPT

Engie

6yr

01-Jul-32

bmk

Sr Unsec

Fixed

MS+100a

Engie

12yr

01-Jul-38

bmk

Sr Unsec

Fixed

MS+135a


IPTs: 6yr: MS+100a 12yr: MS+135a


  • Issuer: Engie SA
  • Ticker: ENGIFP
  • Country: FR
  • Issuer LEI: LAXUQCHT4FH58LRZDY46
  • Issuer Ratings: Baa1/BBB+/BBB+ (Moody's/S&P/Fitch)
  • Expected Issue Rating: Baa1/BBB+/A- (Moody's/S&P/Fitch)
  • Format: Senior, Unsecured, Reg S Bearer Dematerialized, Green Notes
  • Maturity:
    • 6yr: 01-Jul-32
    • 12yr: 01-Jul-38
  • Size: € Benchmark (each tranche)
  • Coupon: Fixed, Annual, Act/Act ICMA
  • Documentation: EMTN Programme
  • Make-Whole Call: MWC (vs. Bund)
  • Issuer Call Options: 3m Par Call
  • Clean-up Call: @75%
  • Use of Proceeds: An amount equal to the net proceeds will be used by the Issuer to : finance or refinance part of the acquisition of 100% of UK Power Networks, a pure player in transmission and distribution of electricity , and/or to finance or refinance in whole or in part, other existing or future Eligible Green Projects, both in accordance with the Issuer’s Green Financing Framework, available on the Green bond section of the Issuer’s website (https://www.engie.com/en/finance/credit/green-finance)
  • Global Coordinators: BBVA (B&D), Crédit Agricole CIB
  • Active Bookrunners: Barclays, BBVA (B&D), CIC CIB, Crédit Agricole CIB, J.P. Morgan, La Banque Postale, Société Générale, Standard Chartered Bank AG
  • Denominations: €100k + 100k
  • Listing: Euronext Paris
  • Governing Law: French Law
  • Target Market: The manufacturer target market (MIFID II and UK MiFIR product governance) is eligible counterparties and professional investors only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or in the UK.
  • Selling Restrictions: As set out in the Base Prospectus dated 22-May-26
  • Advertisement: The Base Prospectus dated 22-May-26 is available at www.amf-france.org and the Final Terms when published will be available at www.amf-france.org
  • Schedule: Books open, today’s business
  • Timing:
    • Pricing: 24-Jun-26
    • Settle: 01-Jul-26 (T+5)