eBay Inc
Full Lot
Odd Lot
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
eBay Inc
Guarantor
-
Announcement Date
03 May 2021
Issue Date
10 May 2021
Maturity Date
10 May 2051
Years to Maturity / Next Call
24.501 / 24.005
Modified Duration
13.999 @ 13 Nov 2026
Issue / Reoffer Price
99.909
Issue / Reoffer Yield
3.655
Coupon Type
Fixed
Annual Coupon Rate
3.650
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Reference Rate
-
ISIN
US278642AZ62
CUSIP
278642AZ6
Bond Currency
USD
Total Issue Size
1,000,000,000
Min. Investment Quantity (Nominal)
USD 2,000
Incremental Quantity (Nominal)
USD 1,000
Bond Type
Corporate
Bond Sector
Consumer Discretionary
Bond Sub Sector
Multiline Retail
Issuer Credit Rating (S&P/ Fitch)
***/ W.R
Bond Credit Rating (S&P/ Fitch)
***/ W.R
Shariah Compliant
No
Exchange Listed
Others
(1) 100% of the principal amount of the notes of the applicable series to be redeemed, and
(2) the sum of the present values of the remaining scheduled payments of principal of and interest on the notes of such series to be redeemed (exclusive of accrued and unpaid interest to the applicable redemption date) that would be due if the notes of such series matured on the Par Call Date for the notes of such series, discounted to such redemption date on a semi-annual basis(assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 10 basis points in the case of the 2026notes, 15 basis points in the case of the 2031 notes and 25 basis points in the case of the 2051 notes,
plus, in the case of both clauses (1) and (2) above, accrued and unpaid interest, if any, on the principal amount of the notes of such series being redeemed to such redemption date.
If a Change of Control Triggering Event (as defined below) occurs with respect to the notes of any series, then, unless we give notice of our election to redeem all of the notes of such series as described above under “—Optional Redemption” and such notice is given by the date specified below, and subject to the additional exceptions described below, we will be required to make an off er (a “Change of Control Offer”) to each holder of notes of such series to repurchase (at such holder’s option and on the terms described below) all or any part (in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof, provided that any remaining principal amount of any note repurchased in part is $2,000 or an integral multiple of $1,000 in excess thereof) of such holder’s notes of such series at a purchase price in cash equal to 101% of the principal amount of the notes of such series repurchased plus accrued and unpaid interest, if any, on the notes of such series repurchased to the Change of Control Payment Date (as defined below) (the “Change of Control Payment”); provided that, notwithstanding the foregoing, payments of interest on notes of such series that are due and payable on any interest payment dates falling on or prior to such Change of Control Payment Date will be payable to the holders of the notes of such series registered as such at the close of business on the relevant record dates according to their terms and the terms and provisions of the indenture.
“Change of Control” means the occurrence of any of the following:
(a) the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any“ person” (as that term is used in Section 13(d)(3) of the Exchange Act) (other than us or any of our Subsidiaries) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of our outstanding Voting Stock (measured by voting power rather than number of shares), provided, however, that a person shall not be deemed the beneficial owner of, or to own beneficially, (1) any securities tendered pursuant to a tender or exchange off er made by or on behalf of such person or any of such person’s affiliates (as defined in the indenture) until such tendered securities are accepted for purchase or exchange thereunder or (2) any securities if such beneficial ownership arises solely as a result of a revocable proxy delivered in response to a proxy or consent solicitation made pursuant to the applicable rules and regulations under the Exchange Act;
(b) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one transaction or a series of related transactions, of all or substantially all of the properties and assets of us and our Subsidiaries, taken as a whole, to any person (other than us or any of our Subsidiaries);
(c) the adoption of a plan by our board of directors (which term, as used in this definition, means our full board of directors and not any committees thereof) relating to our liquidation or dissolution; or
“Change of Control Triggering Event” means, with respect to the notes of any series, the occurrence of both a Change of Control and a Rating Event with respect to the notes of such series. For purposes of clarity, it is understood and agreed that no Change of Control Triggering Event shall be deemed to have occurred with respect to the notes of any series in connection with any particular Change of Control unless and until such Change of Control has actually occurred.
Cash Flow Information