Related Parents
Related Issuers
by Stephen Carter
Mar 18, 2021 11:59 AM ET
Via Celere Desarrollos Inmobiliarios SA (CELDES) EUR300m 144A/Reg S Green sr sec notes due 04/01/26 (5y). NC2 (MWC B+50bp), then at 102.625, 101.313, 100. Equity claw: 2y 40% at 105.25. NR/B+/BB (--/stable/stable). Via JPM (B&D)/DB joint glocos & physical books/CS/Santander/Caixa/BBVA/Sabadell joint books. JPM green structuring Agent. List Dublin. Settles 03/25 (T+5). Reg S ISIN: XS2321651031. IPT: high 5s to 6%. Price talk: 5.50%-5.75%. Revised price talk: 5.375% area.
Priced: 5.25% at 100. +586bp vs OBL 0% 04/10/26.
Virtual meetings 03/15-17 (Investor call at 11am UKT 03/15). Books closed at noon UKT today. UOP: GCP, including repaying EUR120m of various bank debt, and $173.5m cash on the B/S. An amount equal to the net proceeds from the Offering is intended to be allocated to Eligible Green Projects. Biz: a leading developer of residential homes in Spain. HQ: Madrid, Spain.