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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
SSA
PRCD
UNEDIC
Unedic€2,000
1EMEA
Aug 26, 2026
currency
EUR
size (m)
2,000.000
maturity
Sep 2, 2028
type
Fixed
tenor
2.000
call
-
registration
Reg S Only
benchmark
OAT
ranking
Sr. Unsecured
moody's
Aa3
s&p
A+
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
-
ipt-pxd
-3
guidance
OAT+13 area
spread
10
coupon
3.00%
spread set
-
price
99.85500
yield
3.076%
book size (m)
8,300
peak book (m)
8,300
x-covered
4.15
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
8,300
peak book (m)
8,300
x-covered
4.15
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 8300; Registration: Reg S Only; Comments: FRTR 0 ¾ 05/25/28 (96.335 / 2.941%) and FRTR 2.4 09/24/28 (98.839 / 2.984%, 97.1% HR). LEI: 969500V3L9W19NIA5E82;
Guarantor(s)
Republic of France
Use of Proceeds
An amount equal to the proceeds from the issue of the Notes will be exclusively used by Unédic to carry out its missions that meet the eligibility criteria described in Unédic Social Bond framework
Relative Value

COMPS

Ticker

Rating (M/S&P/F)

Coupon

Maturity

Outstanding (EUR mn)

I Spread

Issue dt.

Tenor

HVB 2026 Supply

HVB

Aaa / NR / NR

3.00%

06-Aug-31

€1,250mm

19bp

May-26

4.9yr

Recent CB Supply (Selection)

JYKRE

NR / AAA / NR

3.25%

01-Oct-31

€500mm

16bp

Aug-26

5.1yr

SPABOL

Aaa / NR / NR

3.38%

26-Aug-33

€1,000mm

22bp

Aug-26

7.0yr

CMZB

NR / NR / NR

3.25%

01-Sep-31

€1,000mm

16bp

Aug-26

5.0yr

LFBANK

NR / NR / NR

3.25%

13-Oct-31

€500mm

15bp

Aug-26

5.1yr