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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
REAL
PRCD
CPIPGR
CPI Property Group SA€550
1EMEA
Jun 30, 2026
currency
EUR
size (m)
550.000
maturity
Jul 7, 2032
type
Fixed
tenor
6.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Ba2
s&p
BB
fitch
-
size description
-
re-open/tap
No
ipt
6.875%-7.00%
ipt-pxd
-6.25
guidance
n/a - straight to launch
spread
411.4
coupon
5.875%
spread set
-
price
95.21500
yield
6.875%
book size (m)
615
peak book (m)
850
x-covered
1.12
book attrition
-27.65%
nic
-
billing & delivering
active leads
-
joint leads
CTI, EGB, RBI, SNT, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
615
peak book (m)
850
x-covered
1.12
book attrition
-27.65%
nic
-
billing & delivering
active leads
-
joint leads
CTI, EGB, RBI, SNT, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 615; First Pay: 2027-07-07; Registration: Reg S Only; Comments: DBR 0 02/15/32 / 86.444 /2.624%/ DBR+425.1. MWC: B+50.Tax Call: Yes. Clean-up Call: 75%. CoC: Yes. NP: Yes. LEI: 222100CO2ZOTEPGJO223;
Use of Proceeds
The net proceeds are intended to be used to satisfy the Issuer's obligations in connection with the tender offers for its outstanding GBP 400,000,000 4.000 per cent
Relative Value

COMPS

Ticker

Size

Coupon

Maturity

Tenor

Bid Px

BM-Sprd

I-Sprd

Yld

Rating

ESG

CPIPGR

700MM

1.75

14-Jan-30

3.5

86.821

344

328

5.991

Ba2 / BB / ..

SLB

CPIPGR

700MM

4.75

22-Jul-30

4.1

95.24

358

339

6.108

Ba2 / BB / ..

Green

CPIPGR

765MM

1.5

27-Jan-31

4.6

82.039

364

340

6.118

Ba2 / BB / ..

 

CPIPGR

750MM

6

27-Jan-32

5.6

98.706

366

353

6.273

Ba2 / BB / ..

Green