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by Stephen Carter
Oct 20, 2021 7:07 AM ET
+++Corrects typo on the symbol: ZFFNGR (not AFFNGR)+++
ZF Finance GmbH (ZFFNGR) EUR500m (WNG) Reg S Green sr unsec notes due 05/03/2028 (6.5y). NCL (MWC) (3mo par call, clean-up call 80%). Expect Ba1/BB+ (gtd by ZF Friedrichshafen AG). Via Bank of China/JPM (B&D)/Mizuho jt books. EMTN. List Lux. German law. Fixed, annual pay (Act/Act), short first coupon. Settles 11/03 (T+10). ISIN: ZS2399851901. IPT: 2.75%-2.875% yield.
Px guidance: 2.375%-2.50%.
Books are EUR2.4bn+ (pre-rec). Books subject at 12:25pm UKT today. Pricing today UK afternoon. UOP: eligible Green Projects, as defined in the April 2021 Green Finance Framework. Biz: a global technology company supplying systems for passenger cars, commercial vehicles and industrial technology. HQ: Friedrichshafen, Germany.