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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
MINGNO
Sparebank 1 SMN€500
1EMEA
Jun 10, 2026
currency
EUR
size (m)
500.000
maturity
Jun 17, 2031
type
Fixed
tenor
5.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Senior Preferred
moody's
Aa3
s&p
-
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
MS+80-85
ipt-pxd
-25.5
guidance
n/a - straight to launch
spread
57
coupon
3.375%
spread set
-
price
99.47200
yield
3.492%
book size (m)
1,000
peak book (m)
1,150
x-covered
2
book attrition
-13.04%
nic
2
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,000
peak book (m)
1,150
x-covered
2
book attrition
-13.04%
nic
2
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1000; Registration: Reg S Only; Comments: OBL 2.5% Apr-31 #193 +70.4bp (98.695%) / HR 101%. Tax Call: Yes. Clean-Up Call: 80%. Regulatory Call: Yes. LEI: 7V6Z97IO7R1SEAO84Q32. Deal Stats: By Geography: DACH 38%, Nordics 28%, BeNeLux 17%, FRA 8%, UK/Ireland 5%, Southern Europe 2%, Others 2%. By Type: Asset Managers 40%, CB/OIs 20%, Insurance & PFs 20%, Banks & PBs 18%, Others 2%;
Deal Comments
UPDATE: Spread Set at MS+57#
Use of Proceeds
An amount equivalent to the net proceeds will be allocated to fund Green Projects (as defined in the Base Prospectus)
Relative Value

Green SP
5 year (June 2031) @ MS+80-85

Implied Spread for fresh 5 year @ MS+55

Priced at MS+57
NIC of +2


COMPS

Ticker

Coupon

Issue Date 

Maturity

Size (mn)

I-Spread

LFBANK

3.375

May-26

May-31

500

52

OPBANK

3.25

Jun-25

May-31

500

48

SBAB

2.75

Oct-25

Apr-31

500

43

SBNOR

3.375

May-26

May-31

500

56