ThyssenKrupp AG
Deal details:
Issuer: ThyssenKrupp AG
Issuer ratings: BB/Ba1/BB+ (all with Negative Outlook) (S&P/Moody's/Fitch)
Format: Senior, Unsecured
Tenor: 5yr 8mths
Size: EUR Benchmark
Maturity: 25-October-2019
Settlement: 25-Feb-2014
First coupon date: 25-October-2014 (short first)
Coupon: [ ], Fixed, Ann, ACT/ACT
IPTs: MS+ 230-235 bps, ~ 3.45%-3.5% yield
UoP: General Corporate Purposes
Docs: EMTN / German law / Listing Lux / 1k + 1k / 3m par call
Selling Restrictions: As set out in the Issuer’s Debt Issuance Programme Prospectus dated 10 January 2014 and supplemented on 18 February 2014
US (Reg S / TEFRA D), EU, UK, Luxembourg, The Netherlands, Japan
Passporting: Germany, Austria, and The Netherlands
Jt Books: BNP Paribas / CACIB / DB (B&D) / SEB
Timing: Books open, today's business
Price guidance:
IPT 3.45-3.5% ytm area
Comparables:
TKAGR 4.375% 02/17 +172 / 2.41% Ba1/BB
TKAGR 4.000% 08/18 +182 / 2.72% Ba1/BB
Deal details:
Issuer: ThyssenKrupp AG
Issuer ratings: BB/Ba1/BB+ (all with Negative Outlook) (S&P/Moody's/Fitch)
Format: Senior, Unsecured
Tenor: 5yr 8mths
Size: EUR Benchmark
Maturity: 25-October-2019
Settlement: 25-Feb-2014
First coupon date: 25-October-2014 (short first)
Coupon: [ ], Fixed, Ann, ACT/ACT
IPTs: MS+ 230-235 bps, ~ 3.45%-3.5% yield
UoP: General Corporate Purposes
Docs: EMTN / German law / Listing Lux / 1k + 1k / 3m par call
Selling Restrictions: As set out in the Issuer’s Debt Issuance Programme Prospectus dated 10 January 2014 and supplemented on 18 February 2014
US (Reg S / TEFRA D), EU, UK, Luxembourg, The Netherlands, Japan
Passporting: Germany, Austria, and The Netherlands
Jt Books: BNP Paribas / CACIB / DB (B&D) / SEB
Timing: Books open, today's business
Price guidance:
IPT 3.45-3.5% ytm area
Comparables:
TKAGR 4.375% 02/17 +172 / 2.41% Ba1/BB
TKAGR 4.000% 08/18 +182 / 2.72% Ba1/BB