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Commentary & Deal Flow

NEW ISSUE: grenke Finance Plc € bmk Long 5yr Sr Unsec; MS+170a

IGC European Market: Deal Flow - General

Issuer

Term

Maturity

Size

Ranking

Type

ISIN

IPT

grenke Finance Plc

Long 5yr

07-Oct-31

bmk

Sr Unsec

Fixed

XS3485481157

MS+170a


IPTs: 5yr: MS+170a


  • Issuer: grenke Finance Plc
  • Guarantor: grenke AG
  • LEI of the Issuer: 635400ILKD2MBMANBG03
  • LEI of the Guarantor: 529900BHRYZ464GFD289
  • Exp. Issue Rating: BBB/BBB (S&P/Fitch)
  • Guarantor Rating: BBB (negative) by S&P / BBB (stable) by Fitch
  • Status of the Notes: Unsubordinated and Unsecured
  • Form of Notes: Bearer Notes in New Global Note format
  • Coupon Type: Fixed rate, Actual/Actual ICMA
  • Currency / Nominal Amount: EUR Benchmark
  • IPTs: MS+170 bps area
  • Specified Denomination: EUR 1,000 and multiples thereof
  • Pricing Date: 25-Aug-26
  • Settlement Date: 31-Aug-26 (T+4)
  • Maturity Date: 07-Oct-31
  • Interest Payment Dates: Annually in arrear on 07 October in each year and on the Maturity Date, commencing 07-Oct-27, long first coupon
  • ISIN / CC / WKN: XS3485481157 / 348548115 / A4EZZV
  • Documentation: Debt Issuance Programme dated 13-Mar-26, as supplemented
  • Use of Proceeds: General Corporate Purposes
  • Target Market: Manufacturer Target Market (EU MiFID II/UK MiFIR product governance) is eligible counterparties, professional and retail clients, each having (1) basic knowledge and/or experience with financial products, (2) a long-term investment horizon, (3) general capital formation / asset optimization as investment objective, (4) no or only low loss bearing capacity, (5) a medium risk tolerance (in each case all distribution channels). No EU PRIIPs key information document (KID) or UK disclosure document required by the FCA Product Disclosure Sourcebook (DISC) has been prepared
  • Listing / Law / Clearing: Regulated Market Luxembourg / German / Euroclear/Clearstream Luxembourg
  • Joint Lead Managers: Deutsche Bank, Goldman Sachs Bank Europe SE, HSBC, IMI-Intesa Sanpaolo, ING (B&D)
  • Selling restrictions: As per grenke's Debt Issuance Programme Base Prospectus; EEA: Sales will be made to investors with at least a total consideration of EUR 100,000 (as set forth in Article 1 (4) (d) of the EU Prospectus Regulation) only, U.S. RegS, TEFRA D. No action has been or will be taken to permit a public offer.
  • Advertisement: This communication is not an advertisement for the purpose of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The Base Prospectus and the final terms, when published, will be available at www.grenke.com/en/investor-relations/debt-capital/issued-bonds/
  • Netroadshow: https://dealroadshow.finsight.com and enter the entry code: grenke2026 (not case-sensitive).
  • Timing: Books open, Today's business