EM
Emerging Markets
APICareer PortalPricing
No results found for "".
Asset Backed Securities
Financials
Specialized Finance
Parent Companies
Nippon Telegraph & Telephone Corp
NTT Finance Corp

NTT Finance Corp (NTT)

Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
NTT
NTT Finance Corp-
6APAC
Jun 24, 2026
currency
EUR
size (m)
750.000
maturity
Jun 20, 2028
type
Floating
tenor
2.000
call
-
registration
144A/3(c)(7)/Reg S
benchmark
3mEu
ranking
Sr. Unsecured
moody's
A3
s&p
BBB+
fitch
-
size description
-
re-open/tap
No
ipt
3mEu+70 area
ipt-pxd
-25
guidance
n/a - straight to launch
spread
45
coupon
3mEu+45
spread set
-
price
100.00000
yield
-
book size (m)
1,400
peak book (m)
1,500
x-covered
1.87
book attrition
-6.67%
nic
5
billing & delivering
JPM
active leads
-
joint leads
BAM,BNP,BRC,CTI,...
passive leads
-
co-managers
-
coordinating managers
JPM
book size (m)
1,400
peak book (m)
1,500
x-covered
1.87
book attrition
-6.67%
nic
5
billing & delivering
JPM
active leads
-
joint leads
BAM,BNP,BRC,CTI,...
passive leads
-
co-managers
-
coordinating managers
JPM
currency
EUR
size (m)
750.000
maturity
Nov 1, 2029
type
Fixed
tenor
3.250
call
-
registration
144A/3(c)(7)/Reg S
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A3
s&p
BBB+
fitch
-
size description
-
re-open/tap
No
ipt
MS+85-90
ipt-pxd
-27.5
guidance
n/a - straight to launch
spread
60
coupon
3.3252%
spread set
-
price
100.00000
yield
3.329%
book size (m)
1,400
peak book (m)
1,650
x-covered
1.87
book attrition
-15.15%
nic
10
billing & delivering
JPM
active leads
-
joint leads
BAM,BNP,BRC,CTI,...
passive leads
-
co-managers
-
coordinating managers
JPM
book size (m)
1,400
peak book (m)
1,650
x-covered
1.87
book attrition
-15.15%
nic
10
billing & delivering
JPM
active leads
-
joint leads
BAM,BNP,BRC,CTI,...
passive leads
-
co-managers
-
coordinating managers
JPM
currency
EUR
size (m)
750.000
maturity
Nov 1, 2031
type
Fixed
tenor
5.250
call
-
registration
144A/3(c)(7)/Reg S
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A3
s&p
BBB+
fitch
-
size description
-
re-open/tap
No
ipt
MS+105 area
ipt-pxd
-25
guidance
n/a - straight to launch
spread
80
coupon
3.5592%
spread set
-
price
100.00000
yield
3.562%
book size (m)
1,500
peak book (m)
1,900
x-covered
2
book attrition
-21.05%
nic
16
billing & delivering
JPM
active leads
-
joint leads
BAM,BNP,BRC,CTI,...
passive leads
-
co-managers
-
coordinating managers
JPM
book size (m)
1,500
peak book (m)
1,900
x-covered
2
book attrition
-21.05%
nic
16
billing & delivering
JPM
active leads
-
joint leads
BAM,BNP,BRC,CTI,...
passive leads
-
co-managers
-
coordinating managers
JPM
currency
EUR
size (m)
750.000
maturity
Jul 1, 2034
type
Fixed
tenor
8.000
call
-
registration
144A/3(c)(7)/Reg S
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A3
s&p
BBB+
fitch
-
size description
-
re-open/tap
No
ipt
MS+125 area
ipt-pxd
-25
guidance
n/a - straight to launch
spread
100
coupon
3.847%
spread set
-
price
100.00000
yield
3.847%
book size (m)
1,300
peak book (m)
1,750
x-covered
1.73
book attrition
-25.71%
nic
14
billing & delivering
JPM
active leads
-
joint leads
BAM,BNP,BRC,CTI,...
passive leads
-
co-managers
-
coordinating managers
JPM
book size (m)
1,300
peak book (m)
1,750
x-covered
1.73
book attrition
-25.71%
nic
14
billing & delivering
JPM
active leads
-
joint leads
BAM,BNP,BRC,CTI,...
passive leads
-
co-managers
-
coordinating managers
JPM
currency
EUR
size (m)
850.000
maturity
Nov 1, 2038
type
Fixed
tenor
12.250
call
-
registration
144A/3(c)(7)/Reg S
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A3
s&p
BBB+
fitch
-
size description
-
re-open/tap
No
ipt
MS+150 area
ipt-pxd
-27
guidance
n/a - straight to launch
spread
123
coupon
4.233%
spread set
-
price
100.00000
yield
4.235%
book size (m)
2,400
peak book (m)
2,550
x-covered
2.82
book attrition
-5.88%
nic
13
billing & delivering
JPM
active leads
-
joint leads
BAM,BNP,BRC,CTI,...
passive leads
-
co-managers
-
coordinating managers
JPM
book size (m)
2,400
peak book (m)
2,550
x-covered
2.82
book attrition
-5.88%
nic
13
billing & delivering
JPM
active leads
-
joint leads
BAM,BNP,BRC,CTI,...
passive leads
-
co-managers
-
coordinating managers
JPM
currency
GBP
size (m)
400.000
maturity
Mar 29, 2029
type
Fixed
tenor
2.750
call
-
registration
144A/3(c)(7)/Reg S
benchmark
G
ranking
Sr. Unsecured
moody's
A3
s&p
BBB+
fitch
-
size description
-
re-open/tap
No
ipt
G+100 area
ipt-pxd
-20
guidance
n/a - straight to launch
spread
80
coupon
4.8522%
spread set
-
price
100.00000
yield
4.855%
book size (m)
1,100
peak book (m)
1,200
x-covered
2.75
book attrition
-8.33%
nic
15
billing & delivering
JPM
active leads
-
joint leads
BAM,BNP,BRC,CTI,...
passive leads
-
co-managers
-
coordinating managers
JPM
book size (m)
1,100
peak book (m)
1,200
x-covered
2.75
book attrition
-8.33%
nic
15
billing & delivering
JPM
active leads
-
joint leads
BAM,BNP,BRC,CTI,...
passive leads
-
co-managers
-
coordinating managers
JPM
Tranche Comments
Book size: 1400; First Pay: 2026-09-20; Registration: 144A/3(c)(7)/Reg S; Comments: LEI: 3538007PR116187GD960; Book size: 1400; First Pay: 2026-11-01; Registration: 144A/3(c)(7)/Reg S; Comments: 76.4bps vs OBL 2.5% 10/29 @99.79 HR: 100%. MWC: B+15. LEI: 3538007PR116187GD960; Book size: 1500; First Pay: 2026-11-01; Registration: 144A/3(c)(7)/Reg S; Comments: 94.2bps vs DBR 0% 08/31 @87.56 HR: 109%. MWC: B+15. LEI: 3538007PR116187GD960; Book size: 1300; First Pay: 2027-07-01; Registration: 144A/3(c)(7)/Reg S; Comments: 107.8bps vs DBR 2.2% 02/34 @96.12 HR: 102%. MWC: B+20. LEI: 3538007PR116187GD960; Book size: 2400; First Pay: 2026-11-01; Registration: 144A/3(c)(7)/Reg S; Comments: 117.2bps vs DBR 1% 05/38 @79.7 HR: 109%. MWC: B+20. LEI: 3538007PR116187GD960; Book size: 1100; First Pay: 2026-09-29; Registration: 144A/3(c)(7)/Reg S; Comments: UKT 0.5% 01/29 @91.313% HR: 110%. MWC: G+15. LEI: 3538007PR116187GD960;
Use of Proceeds
General corporate purposes, including repayment of debt
Relative Value

Senior Unsecured

2yr FRN (Jun 28) @ 3m €+70 area

Implied Spread for fresh 2yr FRN @ 3m €+40

Priced at 3m €+45
NIC of +5

Senior Unsecured

Long 3yr FXD (Nov 29) @ MS+85 to +90

Implied Spread for fresh Long 3yr @ MS+50

Priced at MS+60
NIC of +10


Senior Unsecured

Long 5yr FXD (Nov 31) @ MS+105 area

Implied Spread for fresh Long 5yr @ MS+64

Priced at MS+80
NIC of +16

Senior Unsecured

8yr (Jul 34) FXD @ MS+125 area

Implied Spread for fresh 8yr @ MS+86

Priced at MS+100
NIC of +14

Senior Unsecured

Long 12yr FXD (Nov 38) @ MS+150 area

Implied Spread for fresh Long 12yr @ MS+110

Priced at MS+123
NIC of +13

Senior Unsecured (Sterling)

Short 3yr FXD (Mar 29) @ Gilts +100 area

Implied Spread for fresh Short 3yr @ Gilts +65

Priced at Gilts +80
NIC of+15

COMPS

EUR

Ticker

€mm

CPN

Maturity

Years

I+/DM+ Bid

Bid

NTT

600

FRN

Mar-28

1.7

38

[A3/BBB+]

NTT

850

0.40%

Dec-28

2.5

39


NTT

1000

2.91%

Mar-29

2.7

42


NTT

1000

0.34%

Mar-30

3.7

52


NTT

700

3.36%

Mar-31

4.7

59


NTT

600

3.22%

Mar-32

5.7

68


NTT

1500

3.68%

Jul-33

7.1

83


NTT

500

3.62%

Mar-35

8.7

87


NTT

1500

4.09%

Jul-37

11.1

98


NTT

550

3.91%

Mar-38

11.7

98


GBP

Ticker

£mm

CPN

Maturity

Years

UKT+


NTT

350

4.76%

Dec-32

6.5

77

[A3/BBB+]

EJRAIL

300

1.16%

Sep-28

2.2

35

[A1/A+]

EJRAIL

250

5.25%

Apr-33

6.8

50


ORAFP

500

8.13%

Nov-28

2.4

54

[Baa1/BBB+/BBB+]

ORAFP

750

3.25%

Jan-32

5.6

62


T

745

4.38%

Sep-29

3.2

59

[Baa2/BBB/BBB+]

T

~342

5.20%

Nov-33

7.4

78


TELEFO

400

5.45%

Oct-29

3.3

75

[Baa3/BBB-/BBB]

VZ

600

1.13%

Nov-28

2.4

39

[Baa1/BBB+/A-]

VZ

~457

4.75%

Feb-34

7.7

76


Hide Details

Commentary

All Commentary
CreditFlow: End of Day (Europe IG)Jun 24, 2026
1 to 1 of 1

Deal Flow

All Deal Flow
PRICED: NTT Finance €3.85bn & £400m 6-part Sr Unsec; 3m€+45 / MS+60 / MS+80 / MS+100 / MS+123 & G+80Jun 24, 2026
ALLOCATIONS OUT: NTT Finance Corp €3.85bn & £400m 6-part Sr Unsec; 3m€+45 / MS+60 / MS+80 / MS+100 / MS+123 & G+80Jun 24, 2026
LAUNCHED: NTT Finance Corp €3.85bn & £400m 6-part Sr Unsec; 3m€+45 / MS+60 / MS+80 / MS+100 / MS+123 / G+80Jun 24, 2026
NEW ISSUE: NTT Finance Corp €/£ 6-part 2yr FRN/L3yr/L5yr/8yr/L12yr/S3yr Sr Unsec; 3m€+70a / MS+85-90 / MS+105a / MS+125a / MS+150a / G+100aJun 24, 2026
MANDATE: NTT Finance Corporation Inv Calls; 144A/Reg S USD/EUR/GBP Multi-Tranche Sr Unsec Offering May FollowJun 23, 2026
1 to 5 of 5
COMPANY
About
Careers
Contact
Solutions
CREDITFLOW
API Overview
API Documentation
Global Issuers List
Global Parents List
Pricing
OpenMarket Profiles
PRODUCTS
Career Portal
CapEdge
CreditFlow
Deal Roadshow
DealVDR
Evercall
More
SALES & SUPPORT
Americas
+1 888 997 6610
APAC
+852 3018 1600
EMEA
+44 80817 87364
support@creditflowresearch.com
About
Careers
Contact
Solutions
API Overview
API Documentation
Global Issuers List
Global Parents List
Pricing
OpenMarket Profiles
Career Portal
CapEdge
CreditFlow
Deal Roadshow
DealVDR
Evercall
More
Americas
+1 888 997 6610
APAC
+852 3018 1600
EMEA
+44 80817 87364
support@creditflowresearch.com
CompliancePrivacySecurityTerms