Related Parents
Related Issuers
by Stephen Carter
Jan 26, 2023 7:10 AM ET
ZF Finance GmbH (ZFFNGR) EUR benchmark Reg S sr green notes due 08/03/26 (3.5y). NCL (MWC), 1mo par call, 80% clean-up call. Expect Ba1/BB+ (stable/stable) (gtd by ZF Freidrichshafen). Via BNP/Commerz/DB (B&D)/Santander jt books. EMTN. List Lux. German law. Coupon pays annual (act/act), short first. Settles 02/03 (T+6). ISIN: XS2582404724. IPT 6.375% area yield.
Guidance: 6.00% area (+/- 12.5bp) yield, WPIR.
Books go subject at 12:30 UKT today. Pricing today UK afternoon. Order book in excess of EUR2.75bn. 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.