rivetto
Nuovo Utente
- Registrato
- 19/10/12
- Messaggi
- 6.176
- Punti reazioni
- 1.657
* NEW € CORP DEAL - SAIPEM 5y €500mn no-grow IPTs ***
Issuer: Saipem Finance International B.V.
Guarantors: Saipem (Portugal) - Comércio Marítimo, Sociedade Unipessoal Lda. (Zona Franca da Madeira), Saipem SA, Sofresid SA, Saipem Limited, Saipem Canada Inc., Saipem Do Brasil Serviços De Petróleo LTDA, Saipem America INC., Petrex S.A., Saimexicana, S.A. de C.V., Saipem Offshore Norway AS, Saipem Drilling Norway AS, Saipem Contracting Netherlands B.V., Global Petroprojects Services AG, PT Saipem Indonesia and Saipem S.p.A.
Ratings: Ba1 Stable (Moody’s) / BB+ Negative (S&P)
Format: Senior, Unsecured, Reg S Bearer
Coupon: Fixed (Annual, ACT/ACT)
Tenor: 5 year
Size: €500mn (no-grow)
Maturity: 5-April-2022
IPTs: ** 3.00% area **
Settlement: 5-Apr-2017
Docs: EMTN / Lux Euro MTF List / English Law / €100k+1k / MWC
CoC: A change of control should be deemed if the related parties: (i) the Italian Ministry of Finance; (ii) eni S.p.A.; (iii) Cassa Depositi e Prestiti S.p.A.; or (iv) CDP Equity S.p.A. cease to control Saipem S.p.A. between them and a credit rating downgrade by one or more notches occurs
Use of Proceeds: Partial pre-payment of the existing term facility of €1.6bn
Joint Books: Barclays, BNP Paribas, Citigroup, HSBC, JPMorgan,
UniCredit (B&D)
Timing: Books open, today's business
Issuer: Saipem Finance International B.V.
Guarantors: Saipem (Portugal) - Comércio Marítimo, Sociedade Unipessoal Lda. (Zona Franca da Madeira), Saipem SA, Sofresid SA, Saipem Limited, Saipem Canada Inc., Saipem Do Brasil Serviços De Petróleo LTDA, Saipem America INC., Petrex S.A., Saimexicana, S.A. de C.V., Saipem Offshore Norway AS, Saipem Drilling Norway AS, Saipem Contracting Netherlands B.V., Global Petroprojects Services AG, PT Saipem Indonesia and Saipem S.p.A.
Ratings: Ba1 Stable (Moody’s) / BB+ Negative (S&P)
Format: Senior, Unsecured, Reg S Bearer
Coupon: Fixed (Annual, ACT/ACT)
Tenor: 5 year
Size: €500mn (no-grow)
Maturity: 5-April-2022
IPTs: ** 3.00% area **
Settlement: 5-Apr-2017
Docs: EMTN / Lux Euro MTF List / English Law / €100k+1k / MWC
CoC: A change of control should be deemed if the related parties: (i) the Italian Ministry of Finance; (ii) eni S.p.A.; (iii) Cassa Depositi e Prestiti S.p.A.; or (iv) CDP Equity S.p.A. cease to control Saipem S.p.A. between them and a credit rating downgrade by one or more notches occurs
Use of Proceeds: Partial pre-payment of the existing term facility of €1.6bn
Joint Books: Barclays, BNP Paribas, Citigroup, HSBC, JPMorgan,
UniCredit (B&D)
Timing: Books open, today's business