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Commentary & Deal Flow

Related Issuers

IPT: MAHLE E400m 7NC3 sr notes high 6s, pxg today

HYC European Market: Deal Flow - General

MAHLE GmbH (MAHLGR) EUR400m 144A/Reg S sr gtd notes due 2031 (7y). NC3 (MWC T+50bp) (50%,25%,par). Ba2/BB (stable/stable). Via BNP/Citi/DB (B&D)/JPM jt glocos and physical books/Commerz/HSBC/LBBW/UniCredit jt books. List ISE. NY law. Settles T+5.

IPT: high 6s.

Roadshow 1-on-1s Mon-Weds (global investor call at 11am UKT Mon). Books are open. Pricing today. UOP: repay EUR299m of its EUR544m promissory notes (Schuldsheindarlehen) and EUR30m private placement corporate bond, and $63m for GCP. Biz: a tier 1 global auto parts supplier. HQ: Stuttgart, Germany.