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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
MTRL
PRCD
AKZANA
Akzo Nobel NV€750
1EMEA
Jun 9, 2026
currency
EUR
size (m)
750.000
maturity
Jun 16, 2029
type
Fixed
tenor
3.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa3
s&p
BBB
fitch
-
size description
-
re-open/tap
No
ipt
MS+125 area
ipt-pxd
-45
guidance
MS+90 area
spread
80
coupon
3.625%
spread set
-
price
99.89400
yield
3.663%
book size (m)
6,000
peak book (m)
6,700
x-covered
8
book attrition
-10.45%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
6,000
peak book (m)
6,700
x-covered
8
book attrition
-10.45%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 6000; Registration: Reg S Only; Comments: OBL 2.1% 04/12/29 (DE000BU25026) @98.43% (HR 105%). MWC: Yes. CoC: 100%. SMR: 101%. Tax Call: Yes. Clean-Up Call: 75%. Par Call: 1m. LEI: 724500XYIJUGXAA5QD70;
Use of Proceeds
General corporate purposes for the Group and financing the merger with Axalta Coating Systems Ltd