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by Chris Reich
Apr 18, 2024 2:07 PM ET
Ford Otomotiv Sanayi A.S. (“Ford Otosan”) (FROTO) exp NR/BB-/BB+ (-/p/s) US$500m (no grow) 144A/Reg S 5y sr notes due 4/25/29. BNP/Citi/HSBC/SG (B&D) joint books. Listing: Euronext Dublin (GEM). Law: English Law. UOP: gcp. Pricing 4/18. Settle 4/25 (T+5).
IPTs: 7.625% area.
GUIDANCE: 7.125-7.25%, WPIR. Orderbook in excess of $2.2bn. Books subject at 3:00pm UKT / 10:00 EST.
UPDATE: yield set at 7.125%. Size set at $500m. Books at final greater than $1.5bn (pre-rec).
PRICED: $500m 7.125% 4/25/29 100.00 7.125% T+244.3. MW+50.