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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
SLOSPO
Slovenska Sporitelna AS€300
1EMEA
Jun 30, 2026
currency
EUR
size (m)
300.000
maturity
Jul 6, 2030
type
Fixed to Floating
tenor
4.000
call
3.00
registration
Reg S Only
benchmark
Swaps
ranking
Senior Preferred
moody's
A3
s&p
-
fitch
-
re-open/tap
No
ipt
MS+115 area
ipt-pxd
-35
guidance
n/a - straight to launch
spread
80
coupon
3.50%
spread set
-
price
99.98900
yield
3.504%
book size (m)
1,500
peak book (m)
1,700
x-covered
5
book attrition
-11.76%
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,500
peak book (m)
1,700
x-covered
5
book attrition
-11.76%
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1500; First Pay: 2027-07-06; Redemption: 2029-07-06; Registration: Reg S Only; Comments: OBL 2.1 04/12/2029 #189 + 97.9bps, HR: 106%. LEI: 549300S2T3FWVVXWJI89;
Use of Proceeds
An amount equivalent to the net proceeds of the Notes will be used exclusively to finance Eligible Green Projects in accordance with the Erste Group Sustainable Finance Framework dated December 2024, available at: www.slsp.sk/en/investors/bonds
Relative Value

COMPS

Ticker

Country

Rank

Size (EUR)

Rating (M/S/F)

Coupon

Issued

Maturity

Call Date

Structure

I-BID

ESG

Erste Group + CEE subsidiaries:

ERSTBK

AT

Sr Preferred

500mn

A1/A+/A

4.25%

May-23

May-30

May-29

3.9NC2.9

42

-

SLOSPO

SK

Sr Preferred

331mn

A3/-/-

5.38%

Sep-23

Oct-28

Oct-27

2.3NC1.3

71

Green

CESSPO

CZ

Sr Non Preferred

500mn

-/NR/A

4.82%

Jan-24

Jan-30

Jan-29

3.5NC2.5

78

-

EBPPW

PL

Sr Non Preferred

500mn

Baa2/-/BBB+

3.50%

Sep-25

Oct-31

Oct-30

5.3NC4.3

103

-

Selected CEE & southern European comparables:

MBKPW

PL

Sr Preferred

500mn

NR/BBB+/BBB+

4.03%

Sep-24

Sep-30

Sep-29

4.2NC3.2

75

Green

PEOPW

PL

Sr Preferred

500mn

-/A-/-

3.50%

Sep-25

Sep-32

Sep-31

6.2NC5.2

83

Green

TATSK

SK

Sr Preferred

350mn

Baa1/-/-

4.97%

Apr-24

Apr-30

Apr-29

3.8NC2.8

94

Green

ETEGA

GR

Sr Preferred

600mn

Baa1/-/-

3.13%

Jan-26

Feb-31

Feb-30

4.6NC3.6

72

Green

ALPHA

GR

Sr Preferred

400mn

Baa2/NR/-

5.00%

Feb-24

May-30

May-29

3.9NC2.9

64

-

EUROB

GR

Sr Preferred

600mn

Baa1/-/-

3.25%

Dec-24

Mar-30

Mar-29

3.7NC2.7

71

-

EUROB

GR

Sr Preferred

850mn

Baa1/-/-

4.00%

Sep-24

Sep-30

Sep-29

4.2NC3.2

72

Green

TPEIR

GR

Sr Preferred

500mn

Baa2/-/BBB-

5.00%

Apr-24

Apr-30

Apr-29

3.8NC2.8

65

-