PS: Russia, ti ho trovato le prime due, per diversificare.....
(1 lotto......si intende),
appena emesse:
PRICED: Erste Group Bank EU750m PNC7.4 AT1 4.25% (BBG)
Deal priced.
· EU750m PerpNC7.4 Variable at MS+464.6
o Guidance 4.375%a (+/-0.125) will price in range, IPT 4.875% area
o Reoffer price par to yield 4.251%
o Coupon: 4.25%, semi-annual, act/act ICMA, short first
· Books last heard above EU1.75b (pre-rec): Leads
· Issuer: Erste Group Bank AG (ERSTBK)
· Issuer Ratings: A2/A/A
· Exp. Ratings: BBB- (S&P)
· Format: Reg S, bearer, junior subordinated note, Additional Tier 1 Notes
· Perpetual call, tax changes call, regulatory / capital disqualification call
· Settlement: Nov. 23, 2020
· Denoms: 200k x 200k
· ISIN: AT0000A2L583
· Listing: Vienna
· Law: Austrian
· Coupon: 4.25% until first reset date (April 15, 2028). If not called, coupon fixes every 5Y at 5Y MS +464.6 (no step-up)
· Issuer Call: Callable from and including Oct. 15, 2027 to and including the first reset date (April 15, 2028) and each interest payment date thereafter
· Write Down: Temporary write-down upon breach of 5.125% CET1 ratio at group and/or Issuer level
PRICED: Mediobanca EU250m 10NC5 Tier 2 MS +280 (BBG)
Deal priced.
· EU250m 10NC5 Sub Fixed (Nov. 23, 2030) at MS+280
o Guidance MS+310 area, IPT MS+340 area
o Reoffer price 99.748 to yield 2.354%
o Benchmark: OBL 0% 10/10/25 +308.9
o Coupon: 2.30%, annual, act/act ICMA
· Final books above EU2.2b (excl. JLM interest): Leads
· Issuer: Mediobanca Banca di Credito Finanziario SpA (BACRED)
· Issuer Ratings: Baa1/BBB/BBB-
· Exp. Ratings: Ba1/BB+/BB
· Format: Reg S CAT2, bearer, subordinated note, Tier 2, bail-in eligible
· Tax changes call, regulatory / capital disqualification call
· Standard Call: Nov. 23, 2025 at 100
· Settlement: Nov. 23, 2020
· Denoms: 250k x 1k
· ISIN: XS2262077675
· Listing: Dublin
· Law: Italian
· FTT: 2:45pm London
· Coupon: 2.30% (fixed) until Nov. 23, 2025; if not called, refixes at 5Y MS +280
