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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
REAL
PRCD
SUPERN
Supernova Invest GmbH€300
1EMEA
Jun 16, 2026
currency
EUR
size (m)
300.000
maturity
Jun 23, 2031
type
Fixed
tenor
5.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
-
fitch
BBB-
size description
Will Not Grow
re-open/tap
No
ipt
MS+215 area
ipt-pxd
-40
guidance
MS+185 area
spread
175
coupon
4.375%
spread set
-
price
99.28100
yield
4.539%
book size (m)
2,000
peak book (m)
2,600
x-covered
6.67
book attrition
-23.08%
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
book size (m)
2,000
peak book (m)
2,600
x-covered
6.67
book attrition
-23.08%
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
Tranche Comments
Book size: 2000; Registration: Reg S Only; Comments: OBL #193 2.5% 04/31 +187.5bps (Price: 99.25% / Yield: 2.664%) / HR: 98%. MWC: B+30. CoC: Yes. Tax Call: Yes. Clean-Up Call: 80%. LEI: 5299008Z5M2L56PLUX74;
Use of Proceeds
The net proceeds of the issue of the Notes will be used for the general corporate purposes, including acquisitions in Group’s Core Markets and refinancing of secured and unsecured bank debt
Relative Value

COMPS

Ticker

Issued

Rating (M/S/F)

Cpn

Mat

Tenor

Size

i-Sprd

Yield

SUPERN

Jun-25

-/-/BBB-

5.00%

Jun-30

4

€550m

176

4.53%*

DEQGR

Jun-25

-/BBB-/-

4.50%

Oct-30

4.3

€500m

157

4.35%

IGDIM

Nov-25

-/-/BBB-

4.45%

Nov-30

4.4

€300m

132

4.11%*

NEPSJ

Oct-24

-/BBB/BBB+

4.25%

Jan-32

5.6

€500m

123

4.05%

NEPSJ

Sep-25

-/BBB/BBB+

3.88%

Sep-33

7.3

€500m

129

4.17%

DVIVER

May-25

-/BBB-/BBB-

4.88%

Aug-30

4.2

€400m

167

4.46%*

CERTSP

Jan-25

-/BBB-/BBB

4.25%

Jan-31

4.6

€500m

136

4.14%

CERTSP

Oct-25

-/BBB-/BBB

4.13%

Feb-33

6.7

€300m

158

4.44%*