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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
INDS
PRCD
EJRAIL
East Japan Railway Co (JR East)€500
1APAC
Sep 1, 2026
currency
EUR
size (m)
500.000
maturity
Sep 8, 2035
type
Fixed
tenor
9.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A1
s&p
A+
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
MS+110 area
ipt-pxd
-32
guidance
MS+80 area
spread
78
coupon
4.117%
spread set
-
price
100.00000
yield
4.117%
book size (m)
1,200
peak book (m)
2,500
x-covered
2.4
book attrition
-52.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,200
peak book (m)
2,500
x-covered
2.4
book attrition
-52.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1200; Registration: Reg S Only; Comments: DBR 2.6% Aug-2035 @ 94.76 / 3.285% (HR 100%). LEI: 353800SENYJ2DSM6PS44;
Use of Proceeds
The net proceeds, or an amount equal to the net proceeds, of the issuance of the Notes will be used exclusively to finance or re-finance, in whole or in part, existing and/or future Eligible Projects (as defined in the Final Terms), and the use of proceeds satisfies the EU Taxonomy criteria
Relative Value

COMPS

Issuer

Ratings

Size

Coupon

Maturity

Tenor

I-Sprd

EJRAIL

A1/A+

€ 500m

3.245

Sep-30

4

31

EJRAIL

A1/A+

€ 600m

3.976

Sep-32

6

56

EJRAIL

A1/A+

€ 650m

1.85

Apr-33

6.6

58

EJRAIL

A1/A+

€ 500m

0.773

Sep-34

8

65

EJRAIL

A1/A+

€ 700m

3.533

Sep-36

10

81

EJRAIL

A1/A+

€ 850m

3.727

Sep-37

11

86

EJRAIL

A1/A+

€ 700m

1.104

Sep-39

13

93

EJRAIL

A1/A+

€ 750m

4.11

Feb-43

16.5

114

EJRAIL

A1/A+

€ 700m

4.389

Sep-43

17

124