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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
SWEDA
Swedbank AB€1,000
1EMEA
Aug 12, 2026
currency
EUR
size (m)
1,000.000
maturity
Aug 19, 2031
type
Fixed
tenor
5.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Senior Preferred
moody's
Aa2
s&p
AA-
fitch
AA+
size description
-
re-open/tap
No
ipt
MS+75 area
ipt-pxd
-28
guidance
STL
spread
47
coupon
3.375%
spread set
-
price
99.54400
yield
3.476%
book size (m)
2,250
peak book (m)
3,100
x-covered
2.25
book attrition
-27.42%
nic
0
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,250
peak book (m)
3,100
x-covered
2.25
book attrition
-27.42%
nic
0
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 2250; First Pay: 2027-08-19; Registration: Reg S Only; Comments: +62.1ps vs OBL #193 2.5% 04/16/31 @ 98.450 - HR 105%. Regulatory Call: Yes. Tax Call: Yes. LEI: M312WZV08Y7LYUC71685;
Use of Proceeds
An amount equal to the net proceeds of the Notes will be applied to a sub-portfolio of loans with a special purpose to finance or refinance, in whole or in part, Eligible Green Assets that fulfil the Eligibility Criteria set out in the Issuer’s Sustainable Funding Framework
Relative Value

Senior Preferred
5yr (Aug 2031) @ MS+75a
Implied Spread for fresh 5yr @ MS+47
Priced at MS+47
NIC of +0


COMPS

Security:

Rating:

Size:

YtC:

i-Sprd:

Label:

SEB 3.375% 05/31

Aa3/AA-/AA+

€1bn

4.7y

42

Vanilla

NDAFH 3.25% 04/31

Aa2/AA-/AA

€1bn

4.7y

43

Vanilla

OPBANK 3.25% 05/31

Aa3/AA-/--

€500m

4.8y

44

Green

SHBASS 3.125% 02/33

Aa2/AA-/AA+

€500m

6.5y

45

Vanilla