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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
INDS
PRCD
SWFP
Sodexo SA€1,100
2EMEA
Aug 26, 2026
currency
EUR
size (m)
600.000
maturity
Sep 2, 2032
type
Fixed
tenor
6.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa1
s&p
BBB
fitch
-
size description
Expected
re-open/tap
No
ipt
MS+125 area
ipt-pxd
-30
guidance
STL
spread
95
coupon
4.00%
spread set
-
price
99.62900
yield
4.071%
book size (m)
1,750
peak book (m)
2,009
x-covered
2.92
book attrition
-12.89%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,750
peak book (m)
2,009
x-covered
2.92
book attrition
-12.89%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
500.000
maturity
Sep 2, 2036
type
Fixed
tenor
10.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa1
s&p
BBB
fitch
-
size description
Expected
re-open/tap
No
ipt
MS+160 area
ipt-pxd
-35
guidance
STL
spread
125
coupon
4.50%
spread set
-
price
99.96800
yield
4.504%
book size (m)
1,600
peak book (m)
2,100
x-covered
3.2
book attrition
-23.81%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,600
peak book (m)
2,100
x-covered
3.2
book attrition
-23.81%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1750; Registration: Reg S Only; Comments: DBR 1.7 Aug-32 (93.13) + 109.7bp | HR 101%. MWC: B+20. CoC: 100%. Clean-Up Call: 75%. LEI: 969500LCBOG12HXPYM84; Book size: 1600; Registration: Reg S Only; Comments: DBR 3 Aug-36 (98.11) + 128bp | HR 95%. MWC: B+20. CoC: 100%. Clean-Up Call: 75%. LEI: 969500LCBOG12HXPYM84;
Deal Comments
Combined books >EUR4.1bn. This tranche 6yr was upsized from EUR500m to EUR600m
Use of Proceeds
General corporate purposes, including the upcoming redemption of the Group’s outstanding EUR800,000,000 0.750 per cent. Bonds due April 2027
Relative Value

COMPS

Ticker

M/S/F

Coupon

Maturity

Size

Yrs

Bid I-Sprd

SWFP

-/BBB/BBB+

1.00%

Jul-28

500m

1.9

20

SWFP

-/BBB/BBB+

1.00%

Apr-29

800m

2.7

17

CPGLN

A2/A/-

3.25%

Feb-31

750m

4.5

50

CPGLN

-/A/-

3.13%

Jun-32

700m

5.8

58

CPGLN

A2/A/-

3.25%

Sep-33

500m

7.1

62

CPGLN

A2/-/-

3.50%

Jan-35

750m

8.4

76

PLXFP

-/BBB+/-

3.75%

Sep-32

550m

6

88

EDENFP

-/A-/-

3.63%

Jun-31

700m

4.8

58

EDENFP

-/A-/-

3.63%

Aug-32

500m

5.9

77

EDENFP

-/A-/-

3.75%

Jan-33

500m

6.4

85

CAPFP

-/BBB+/-

3.13%

Sep-31

1,250m

5.1

79

CAPFP

-/BBB+/-

2.38%

Apr-32

1,200m

5.6

86

CAPFP

-/BBB+/-

3.88%

May-33

800m

6.7

101

CAPFP

-/BBB+/-

3.50%

Sep-34

1,250m

8.1

109

FDJFP

Baa1/-/-

3.00%

Nov-30

500m

4.2

68

FDJFP

Baa1/-/-

3.38%

Nov-33

500m

7.2

91

FDJFP

Baa1/-/-

3.63%

Nov-36

500m

10.2

95

CAFP

-/BBB/-

3.63%

Oct-32

750m

6.1

80

CAFP

-/BBB/-

3.75%

May-33

650m

6.7

96

CAFP

-/BBB/-

3.88%

Jun-34

750m

7.8

107

CAFP

-/BBB/-

3.88%

Dec-35

500m

9.3

112