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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
HCOB
Hamburg Commercial Bank AG (HCOB)€500
1EMEA
Sep 2, 2026
currency
EUR
size (m)
500.000
maturity
Sep 11, 2029
type
Fixed
tenor
3.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Covered Bond
moody's
Aa3
s&p
-
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
-
ipt-pxd
-8
guidance
MS+33 area
spread
25
coupon
3.375%
spread set
-
price
99.67800
yield
3.49%
book size (m)
2,500
peak book (m)
2,700
x-covered
5
book attrition
-7.41%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,500
peak book (m)
2,700
x-covered
5
book attrition
-7.41%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 2500; Registration: Reg S Only; Comments: Deal Stats: By Geography: Nordics 38%, DACH 35%, UK/Ire 10%, ME/Asia 9%, South Europe 6%, Other 2%. By Investor Type: AM/FM 55%, Banks/PB 30%, Ins/PF 11%, CB/OI 4%. OBL 2.1% 04/12/2029 #189 (97.770) + 49.0bps, HR 115%. Listing: Hamburg. LEI: TUKDD90GPC79G1KOE162;
Relative Value

COMPS

Type

Ticker

CPN

Size (m)

Maturity

Tenor

I-sprd (mid)

Rating (M/S/F)

CB/MTG

BYLAN

2.75

500

Jun-29

2.8

0

Aaa / - / -

CB/MTG

MUNHYP

2.875

625

Jul-29

2.8

0

Aaa / - / -

CB/MTG

AARB

3.25

500

May-29

2.7

18

Aaa / - / -

CB/MTG

PBBGR

2.625

750

May-29

2.7

27

Aa1 / - / -

CB/SHIP

DANSKB

0.25

500

Jun-28

1.8

19

- / AA- / -

UNSEC SNR

ABNANV

3.25

500

Aug-29

3

28

A1 / A / AA-

UNSEC SNR

DEKA

3.25

500

Feb-29

2.4

17

Aa1 / A+ / -

UNSEC SNR

HCOB

4.75

500

May-29

2.7

55

A3 / - / -

UNSEC SNR

NDAFH

3.375

1,000

Jun-29

2.8

20

Aa2 / AA- / AA