Cnh prezza bond 2021 da 700 mln, a reoffer 99,220, rende MS + 221,8 pb

lunedì 22 settembre 2014 16:37
 

Status]: PRICED                        [Asset Type]: High Yield
[Pricing Date]: 22-Sep-14              [Issuer/Borrower Type]: Corporate
 : CNH Industrial               [Offering Type]: Eurobond
[Issuer Long Name]: CNH INDUSTRIAL     [Program Type]: MTN
FINANCE EUROPE SA                      :
 : EUR 700M                       BBVA/CITI/DB/Natixis/Rabo/UNI
 : Ba2/BB+/NR                  : 2.875 Fixed
DBRS: NR                               : 99.2200
 : 7y 27-Sep-21              [Reoffer Price]: 99.2200
[Issue Type]: Sr Unsec Notes           : 3
CUSIP/ISIN: XS1114452060               : MS+221.8
 : Cons Disc-Autos              [Price Guidance]: 3.125-3.25%
 : English                         : CNH Industrial N.V.
 : ITALY                       : Irish
 : Europe                       : 100k+1k
 : 25-Sep-14                : Undisclosed
                                       : Reg S only
    
NOTES: Bmk EUR 7yr RegS. Issue Ba2/BB+. BBVA/Citi/DB(B&D)/Nat/Rabo/Uni. IPTs
3.125-3.25%, guidance 3.125%a (+/-0.125%), tbp 3% for 700m. Books 1.5bn+. = DBR
2.25 09/21+252 bps @112.06 (HR 85%)