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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
SAABAB
Saab AB€300
1EMEA
Sep 16, 2026
currency
EUR
size (m)
300.000
maturity
Sep 23, 2033
type
Fixed
tenor
7.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
BBB+
fitch
-
re-open/tap
No
ipt
MS+110 area
ipt-pxd
-37
guidance
MS+80 area
spread
73
coupon
4.25%
spread set
-
price
99.98200
yield
4.253%
book size (m)
1,800
peak book (m)
2,400
x-covered
6
book attrition
-0.25%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
book size (m)
1,800
peak book (m)
2,400
x-covered
6
book attrition
-0.25%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
Tranche Comments
Book size: 1800; Registration: Reg S Only; Comments: DBR 2.6% 08/33 @ 95.065 / 3.414% / b+83.9bps (HR: 101%). MWC: B+15. CoC: Yes. Tax Call: Yes. Clean-Up Call: 75%. LEI: 549300ZHO4JCQQI13M69;
Use of Proceeds
General Corporate Purposes
Relative Value

COMPS

Ticker

Issue Date

Tenor

YTM (%)

I+ (BID)

Amount (EUR m)

Ratings (M/S/F)

** Defence/Aerospace Comps **

AIRFP 3.375 5/33

06/05/2026

6.7

4.08%

57

€ 750

A1 / - / -

HOFP 3.500 8/30

20/08/2026

4

3.90%

41

€ 500

- / A- / -

HOFP 4.250 10/31

11/10/2023

5.1

3.99%

49

€ 600

A2 / - / -

HOFP 3.750 8/34

20/08/2026

8

4.22%

70

€ 500

- / A- / -

ROLLS 3.375 5/31

13/05/2026

4.7

3.95%

46

€ 500

A3 / - / A-

ROLLS 3.875 5/36

13/05/2026

9.7

4.35%

80

€ 500

A3 / - / A-

RHMGR 3.375 5/31

21/05/2026

4.7

4.01%

52

€ 500

Baa1 / - / -

MTXGR 3.875 9/31

11/09/2024

5

3.96%

46

€ 750

Baa2 / - / BBB

** Mix of Industrials A/BBB+ **

EMR 3.000 3/31

25/02/2025

4.5

4.03%

54

€ 500

A2 / A / -

EMR 3.500 3/37

25/02/2025

10.5

4.43%

87

€ 500

A2 / A / -

ETN 3.601 5/31

14/05/2024

4.7

4.01%

52

€ 500

A3 / A- / -

ETN 3.550 3/34

05/03/2026

7.5

4.27%

75

€ 600

A3 / A- / -

ASSABS 3.875 9/30

06/09/2023

4

3.85%

36

€ 600

- / A- / -

ASSABS 3.371 9/32

02/09/2025

6

4.12%

62

€ 500

- / A- / -

ASSABS 4.125 9/35

06/09/2023

9

4.34%

80

€ 600

- / A- / -

ALFASS 3.125 9/31

11/06/2025

5

4.10%

61

€ 300

- / BBB+ / -