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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
-
ANB Tier 1 Sukuk Comp Ltd$750
1EMEA
Sep 2, 2026
currency
USD
size (m)
750.000
maturity
-
type
Fixed Rate Reset
tenor
Perp
call
5.50
registration
Reg S Only
benchmark
Tsy
ranking
Sukuk, Jr. Subordinated (AT1)
moody's
-
s&p
-
fitch
-
size description
-
re-open/tap
No
ipt
6.875% area
ipt-pxd
-37.5
guidance
STL
spread
191.7b
coupon
6.50%
spread set
-
price
100.00000
yield
6.50%
book size (m)
3,000
peak book (m)
3,000
x-covered
4
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
book size (m)
3,000
peak book (m)
3,000
x-covered
4
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
Tranche Comments
Book size: 3000; First Pay: 2027-03-09; Redemption: 2031-09-09; Registration: Reg S Only; Comments: Interpolated 5.5-year US Treasury (T 4 3⁄8 08/31/31 at 99-067⁄8 / 4.553% and T 4 1⁄2 08/31/33 at 99-001⁄8 / 4.669%). Tax Call: Yes. LEI 2549002ATOBA47FG6E54;
Use of Proceeds
Improvement of the Obligor’s Tier 1 capital and for general banking purposes
Relative Value

COMPS

Name

Announce

Next Call

Amount

Years to Call

Yld

G-Sprd

ARNBAB 6.4 PERP

Sep-25

Sep-30

750

4

6.27

166

JAZCOR 6 1/2 PERP

Jun-26

Jun-31

500

4.8

6.31

172

ALINMA 6 5/8 PERP

May-26

Jun-31

500

4.8

6.26

167

ALBIAB 6 3/8 PERP

Jan-26

Jan-31

500

4.4

6.36

175

RJHIAB 6.15 PERP

Jan-26

Jul-31

1000

4.9

6.16

160

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