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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
SRBANK
SpareBank 1 Sor-Norge ASA€500
1EMEA
Aug 18, 2026
currency
EUR
size (m)
500.000
maturity
Aug 25, 2031
type
Fixed
tenor
5.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Senior Preferred
moody's
Aa3
s&p
-
fitch
-
size description
-
re-open/tap
No
ipt
MS+75-80
ipt-pxd
-27.5
guidance
STL
spread
50
coupon
3.50%
spread set
-
price
99.51800
yield
3.607%
book size (m)
900
peak book (m)
1,400
x-covered
1.8
book attrition
-35.71%
nic
1
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
900
peak book (m)
1,400
x-covered
1.8
book attrition
-35.71%
nic
1
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 900; Registration: Reg S Only; Comments: OBL #193 +65.8bps (Spot: 98.055 / HR 106%). Tax Call: Yes. LEI: 549300Q3OIWRHQUQM052;
Use of Proceeds
The issuer intends to allocate an amount equal to the net proceeds from the issue of the Notes to Eligible Assets as described in the Issuer’s Green Bond Framework
Relative Value

Senior Preferred Green
5yr (Aug 2031) @ MS+75/80

Implied Spread for fresh 5yr @ MS+49

Priced at MS+50
NIC of +1


COMPS

Price Date

Ticker

Rating (M/S/F)

Green?

Size

Coupon

Mty Date

Call Date

Yr to Mty

Bid (iSprd)

13-Jan-26

DNBNO

Aa2/AA-/-

Y

750m

3

20-Jan-32

20-Jan-31

5.5NC4.5

46

22-Apr-26

NDAFH

Aa2/AA-/AA

N

1bn

3.25

29-Apr-31

-

4.7

43

29-Apr-26

SEB

Aa3/AA-/AA

N

1bn

3.375

07-May-31

-

4.8

43

12-Aug-26

SWEDA

Aa2/AA-/AA+

Y

1bn

3.375

19-Aug-31

-

5

44