Related Issuers
by Chris Reich
Feb 05, 2025 11:56 AM ET
Limak Yenilenebilir Enerji A.S. (LIMYEN) exp B2/BB- (Moody's/Fitch) US$450m (no grow) 144A/Reg S 5.5nc2 senior unsecured, Amortizing, green bond due 8/12/30. MWC, tax changes call. 101 CoC. BofA/JPM ( JGCs)/ENBD joint books. Standard HY Call: Callable from YR2 at par +50% (2/12/27 at 104.813); YR3 at par +25% (2/12/28 at 102.406); YR4 (2/12/29) at par. UOP: Refinancing of existing debt and associated/transaction costs (~60% of issue size); funding of capital expenditures in relation to the Eligible Green Portfolio, as described in the Issuer’s Green Bond Framework (~40% of issue size). Green Bond Framework: https://www.limakrenewableener...; Roadshow: https://www.netroadshow.com/nrs/home/#!/?show=7122324f or https://www.netroadshow.com, entry code: Limak2025 (not case-sensitive). Pricing 2/5. Settle 2/12.
IPTs: 10% area.
GUIDANCE: 9.625%-9.75%.
FINAL PRICE GUIDANCE: 9.625%.
PRICED: $450m 9.625% 8/12/30 100.00 9.625%.