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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
COND
PRCD
SIXGR
Sixt SE€500
1EMEA
Jul 8, 2026
currency
EUR
size (m)
500.000
maturity
Jan 15, 2031
type
Fixed
tenor
4.500
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
BBB
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
MS+115 area
ipt-pxd
-25
guidance
n/a - straight to launch
spread
90
coupon
3.75%
spread set
-
price
99.78500
yield
3.807%
book size (m)
1,600
peak book (m)
1,600
x-covered
3.2
book attrition
0.00%
nic
12
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
book size (m)
1,600
peak book (m)
1,600
x-covered
3.2
book attrition
0.00%
nic
12
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
Tranche Comments
Book size: 1600; Registration: Reg S Only; Comments: 104.6 vs DBR 2.4% 11/15/2030 @ 98.53 / 2.761% (HR: 101%). CoC: Yes. Tax Call: Yes. Clean-Up Call: 80%. LEI: 5299004ZME6CSBR7WP07;
Use of Proceeds
The proceeds of the potential bond offering will be used for general corporate purposes
Relative Value

4.5yr (January 2031) @ MS+115 area

Implied Spread for fresh 4.5yr @ MS+78

Priced at MS+90
NIC of +12

COMPS

Ticker

Mdy

S&P

Fitch

Issue

Maturity

Coupon

TTM

Amt

MS+

Sixt

 

 

 

 

 

 

 

 

 

SIXGR

-

BBB

-

Jun-23

Oct-27

5.13%

1.3y

300m

48

SIXGR

-

BBB

-

Jan-24

Jan-29

3.75%

2.6y

500m

49

SIXGR

-

BBB

-

Jan-25

Jan-30

3.25%

3.5y

500m

63

Other BBB Services

AMSSM

Baa2

BBB

-

Mar-25

Mar-30

3.38%

3.7y

500m

68

AMSSM

Baa2

BBB

-

May-26

May-31

3.75%

4.9y

500m

81

ISSDC

Baa2

BBB

-

May-24

Jun-29

3.88%

2.9y

500m

52

ISSDC

Baa2

BBB

-

May-26

May-31

3.50%

4.8y

750m

81

CNH

Baa2

BBB

BBB

Jun-24

Jun-31

3.75%

4.9y

750m

81