Commentary & Deal Flow

Mytilineos SA (MYTIL) EUR500m Reg S green sr notes due 2026 (5.5y). NCL (MWC B+50bp) (6mo par call). NR/BB-/BB (--/stable/stable). Via BNP/Citi (B&D)/HSBC jt glocos and jt physical books/Alpha/CS/Eurobank/GS/JPM/MS/Natl Bank of Greece jt books. HSBC green structuring advisor. List Lux. NY law. Settles 04/28 (T+4). IPT: mid 2%s.

Px talk: 2.25%-2.50%.

Roadshow started Mon. Did investor call at 11am UKT yesterday. Books close at 12pm UKT today. Pricing today UK afternoon. UOP: to repay EUR300m 2005 bank loans, GCP, including green projects (EUR192m), fees and expenses. An amount equivalent to the net proceeds from the Notes will be used to finance or refinance, in whole or in part, Eligible Green Projects (including other related and supporting expenditures) in accordance with the Company’s Green Bond Framework. Biz: a leading global industrial and energy company. HQ: Athens, Greece.