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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
NWG
NatWest Markets PLC$500
1EMEA
Aug 17, 2026
currency
USD
size (m)
500.000
maturity
Aug 24, 2031
type
Floating
tenor
5.000
call
-
registration
Reg S Only
benchmark
SOFR
ranking
Sr. Unsecured
moody's
A1
s&p
A
fitch
AA
size description
-
re-open/tap
No
ipt
SOFR+115 area
ipt-pxd
-20
guidance
Set at SOFR+95
spread
95
coupon
SOFR+95
spread set
-
price
-
yield
-
book size (m)
1,300
peak book (m)
1,300
x-covered
2.6
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,300
peak book (m)
1,300
x-covered
2.6
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1300; Registration: Reg S Only; Comments: Deal Stats: By Type: Bank/PB77%, AM 15%, Other 8%. By Region: APAC 84%, Europe (Ex. UK&I) 10%/UK&I 6%. LEI: RR3QWICWWIPCS8A4S074;
Relative Value

COMPS

Issuer

Rtg (M/F)

Size ($mm)

Maturity

SOFR MS+

G-Spread

NAB

Aaa/AAA

1,750

03-Jun-30

38

15

ANZ

Aaa/AAA

2,250

14-Feb-31

43

19

BMO

Aaa/AAA

1,250

28-Mar-31

43

17

CM

Aaa/AAA

1,250

01-Apr-31

44

18

UOBSP

Aaa/AAA

500

15-Apr-31

43

18

DNBNO

Aaa/AAA

750

16-Apr-31

43

17