| C/P | Industry | Status | Ticker(s) | Issuer(s) | Size(m) | Tranches | Region | Date | |
|---|---|---|---|---|---|---|---|---|---|
IGC | CONS | PRCD | PPCPPC | Pilgrim's Pride Corp, Pilgrim's Europe Finance PLC | €500 | 1 | USOA | Sep 9, 2026 |
COMPS | |||||
Bond | Rating (M/S&P/F) | Issue Dt. | Amt. Out | Tenor | Spread |
PPC 6.250 7/33 | Ba2 / BBB- / BBB- | Apr-23 | $673mm | 6.8yr | T+93 / G+109 (equiv. €ms+108) |
PPC 6.875 5/34 | Ba2 / BBB- / BBB- | Oct-23 | $500mm | 7.7yr | T+99 / G+110 (equiv. €ms+113) |
JBS 5.950 4/35 | Baa3 / BBB- / BBB- | Jan-26 | $992mm | 8.6yr | T+108 / G+115 (equiv. €ms+117) |
JBS 5.500 1/36 | Baa3 / BBB- / BBB- | Jan-26 | $1,246mm | 9.4yr | T+118 / G+120 (equiv. €ms+124) |
JBS 5.625 3/37 | Baa3 / BBB- / BBB- | Apr-26 | $1,500mm | 10.5yr | T+126 / G+124 (equiv. €ms+129) |
Selected USD Comps | |||||
Bond | Rating (M/S&P/F) | Issue Dt. | Amt. Out | Tenor | Spread |
GIS 5.250 1/35 | Baa2 / BBB / - | Nov-24 | $750mm | 8.4yr | T+82 / G+89 |
KDP 5.700 3/36 | Baa3 / (P)BBB- / BBB- | Mar-26 | $700mm | 9.6yr | T+117 / G+119 |
KHC 5.400 3/35 | Baa2 / BBB / BBB | Feb-25 | $500mm | 8.5yr | T+89 / G+95 |
EUR Comps for Issuers with Liquid USD Bonds | |||||
Bond | Rating (M/S&P/F) | Issue Dt. | Amt. Out | Tenor | Spread |
GIS 3.600 4/32 | Baa2 / BBB / - | Apr-25 | €750mm | 5.6yr | ms+81bp |
GIS 3.850 4/34 | Baa2 / BBB / - | Apr-24 | €500mm | 7.6yr | ms+98bp |
KDP 4.224 3/32 | Baa3 / (P)BBB- / BBB- | Mar-26 | €800mm | 5.6yr | ms+122bp |
KDP 4.728 3/35 | Baa3 / (P)BBB- / BBB- | Mar-26 | €800mm | 8.6yr | ms+150bp |
KHC 3.250 3/33 | Baa2 / BBB / BBB | Feb-25 | €600mm | 6.5yr | ms+94bp |
KHC 3.950 5/34 | Baa2 / BBB / BBB | May-26 | €500mm | 7.7yr | ms+112bp |
Other Recent BBB/High BB Supply | |||||
Bond | Rating (M/S&P/F) | Issue Dt. | Amt. Out | Tenor | Spread |
BARY 4.250 8/31 | Baa3 / BBB- / - | Feb-25 | €500mm | 5.0yr | ms+102bp |
LOUDRE 4.000 4/33 | - / BBB+ / - | Apr-26 | €500mm | 6.6yr | ms+104bp |
CLNVX 4.125 1/32 | - / BBB- / - | Jun-26 | €500mm | 5.4yr | ms+122bp |
ELISGP 3.875 3/32 | Baa3 / - / - | Mar-26 | €600mm | 5.6yr | ms+95bp |
HUHTAM 3.875 5/32 | - / BBB- / - | May-26 | €300mm | 5.7yr | ms+90bp |
KGXGR 4.125 3/31 | - / BB+ / BBB | Mar-26 | €500mm | 4.6yr | ms+108bp |
LHAGR 4.125 1/32 | Baa3 / BBB- / BBB- | May-26 | €750mm | 5.4yr | ms+101bp |
MUNDYS 4.375 1/32 | Ba1 / BB+ / BB+ | May-26 | €500mm | 5.4yr | ms+124bp |
NEXFP 4.250 9/31 | - / BB+ / - | Sep-26 | €500mm | 5.0yr | ms+106bp |
NOKIA 3.625 6/32 | - / BBB- / BBB- | Jun-26 | €500mm | 5.8yr | ms+90bp |
SIGCBL 4.000 4/31 | Baa3 / BBB- / - | Apr-26 | €500mm | 4.6yr | ms+98bp |
SPIEFP 3.875 5/31 | - / BB+ / BBB- | May-26 | €600mm | 4.7yr | ms+97bp |
SRTGR 3.750 5/31 | - / BBB- / - | May-26 | €500mm | 4.7yr | ms+81bp |
ILDFP 4.125 10/31 | Ba1 / BB+ / BB+ | Jul-26 | €650mm | 5.1yr | ms+111bp |
| CreditFlow: End of Day (Europe IG) | Sep 9, 2026 |