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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
INDS
PRCD
SUFP
Schneider Electric SE€1,500
2EMEA
Jun 25, 2026
currency
EUR
size (m)
800.000
maturity
Jul 1, 2028
type
Floating
tenor
2.000
call
-
registration
Reg S Only
benchmark
3mEu
ranking
Sr. Unsecured
moody's
-
s&p
A
fitch
-
size description
-
re-open/tap
No
ipt
3mEu+55-60
ipt-pxd
-27.5
guidance
3mEu+30#
spread
30
coupon
3mEu+30
spread set
-
price
100.00000
yield
-
book size (m)
1,550
peak book (m)
2,300
x-covered
1.94
book attrition
-32.61%
nic
1
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,550
peak book (m)
2,300
x-covered
1.94
book attrition
-32.61%
nic
1
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
700.000
maturity
Dec 1, 2033
type
Fixed
tenor
7.500
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
A
fitch
-
size description
-
re-open/tap
No
ipt
MS+90-95
ipt-pxd
-34.5
guidance
MS+60 area
spread
58
coupon
3.375%
spread set
-
price
99.94200
yield
3.386%
book size (m)
2,000
peak book (m)
2,900
x-covered
2.86
book attrition
-31.03%
nic
1
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,000
peak book (m)
2,900
x-covered
2.86
book attrition
-31.03%
nic
1
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1550; Registration: Reg S Only; Comments: CoC: Yes. Clean-Up Call: 75%. LEI: 969500A1YF1XUYYXS284; Book size: 2000; Registration: Reg S Only; Comments: DBR 2.6% 08/15/2033 @ 99.245 / 2.717% (DBR+66.9bps / HR: 101%). MWC: B+10. CoC: Yes. Clean-Up Call: 75%. LEI: 969500A1YF1XUYYXS284;
Deal Comments
Max Size: EUR1.5bn. Combined books: EUR 3.85bn (pre-rec)
Use of Proceeds
General Corporate Purposes
Relative Value

2yr FRN (Jul 2028) @ 3mth € +55 to +60

Implied Spread for fresh 2yr FRN @ 3mth € +29

Priced at 3mth € +30
NIC of +1


Long 7yr (Dec 2033) @ MS+90 to +95

Implied Spread for fresh Long 7yr @ MS+57

Priced at MS+58
NIC of +1

COMPS

Ticker

Ratings

Coupon

Issue Dt

Maturity

Tenor

Amount

I-spd

SUFP

-/A/-

3.25%

Jun-23

Jun-28

2

€500m

18

SUFP

-/A/-

0.25%

Mar-20

Mar-29

2.7

€800m

22

SUFP

-/A/-

2.63%

Sep-25

Sep-29

3.2

€750m

30

SUFP

-/A/-

3.13%

Jan-23

Oct-29

3.3

€600m

30

SUFP

-/A/-

2.75%

Dec-25

Jul-30

4

€750m

31

SUFP

-/A/-

3.00%

Sep-24

Sep-30

4.2

€750m

35

SUFP

-/A/-

3.00%

Jan-24

Jan-31

4.5

€600m

36

SUFP

-/A/-

3.00%

Sep-25

Mar-32

5.7

€750m

50

SUFP

-/A/-

3.50%

Nov-22

Nov-32

6.4

€600m

45

SUFP

-/A/-

3.50%

Jun-23

Jun-33

7

€500m

55

SUFP

-/A/-

3.38%

Jan-23

Apr-34

7.8

€600m

58

Recent 2yr FRN

Ticker

Ratings

Issue Dt

Maturity

Tenor

Amount

DM

 

SAPGR

A1/A+/-

Jun-26

Jun-28

1.9

€800m

3mE+28

 

LIN

A2/A/-

May-26

May-28

1.9

€600m

3mE+31

 

DHR

A2/A-/-

Apr-26

Apr-28

1.8

€500m

3mE+31

 

HENKEL

-/A/-

Apr-26

Apr-28

1.8

€600m

3mE+29