Commentary & Deal Flow

Wienerberger AG (WIEAV) EUR300m minimum Reg S bearer sr unsec notes due 04-June-2025 (5y). NCL (MWC, 3mo par call). Ba1/NR (negative/--). Via BNPP/Raiffeisen Bank Intl (B&D)/UniCredit jt books. Coupon: fixed, annual, act/act ICMA. Denoms 100x1. Listing: Vienna Stock Exchange. Austrian Law. Settles June 4 (T+5). ISIN: AT0000A2GLA0

IPT: 3.375% area.

Did general investor call on 26 May at 2pm UKT/3pm CET and a series of one-on-one fixed income investor calls May 26-27 (UniCredit coordinated logistics). Books are open. Pricing today. UOP: repay EUR300m 18mo bridge loan incurred to repay its EUR300m 4% bonds at maturity on April 17, 2020, and GCP. Biz: producer and marketer of building products (bricks, clay and concrete roof tiles, ceramic and plastic pipe, and concrete pavers. HQ: Vienna, Austria.