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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
CFF
Compagnie De Financement Foncier SA (CFF)€1,000
1EMEA
Sep 1, 2026
currency
EUR
size (m)
1,000.000
maturity
Sep 8, 2036
type
Fixed
tenor
10.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Covered Bond
moody's
Aaa
s&p
AAA
fitch
-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-6
guidance
MS+60 area
spread
54
coupon
3.875%
spread set
-
price
99.66600
yield
3.916%
book size (m)
1,500
peak book (m)
1,750
x-covered
1.5
book attrition
-14.29%
nic
0
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,500
peak book (m)
1,750
x-covered
1.5
book attrition
-14.29%
nic
0
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1500; Registration: Reg S Only; Comments: +57.5bps vs DBR 3 08/36 (px: 97.14% HR 99%). LEI: DKGVVH5FKILG8R13CO13;
Use of Proceeds
The net proceeds of the issue of the Notes will be used for the Issuer's general corporate purposes
Relative Value

Covered

10yr (Sept 2036) @ MS+60a

Implied Spread for fresh 10yr @ MS+54

Priced at MS+54
NIC of 0

COMPS

Issue Date

Ticker

Size

Coupon

Mty

Tenor

Vs Mid-ispd

05/05/2026

CFF

600mn

3.50%

May-36

9.7y

I+48

02/26/26

CMCICB

750mn

3.13%

Mar-36

9.5y

i+49

01/07/2026

BPCECB

1,500mn

3.38%

Jan-36

9.4y

I+48

01/07/2026

CRH

500mn

3.38%

Jan-36

9.4y

I+48

08/19/26

ACACB Green

1,000mn

3.75%

Aug-36

10.0y

I+49

06/03/2026

ACACB SCF

750mn

3.50%

May-36

9.8y

I+49