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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
-
Salmon Group Ltd$50
1EMEA
Sep 15, 2026
currency
USD
size (m)
50.000
maturity
May 5, 2028
type
Fixed
tenor
1.750
call
0.14
registration
-
benchmark
-
ranking
Sr. Secured
moody's
-
s&p
-
fitch
-
size description
-
re-open/tap
Yes
ipt
100-100.50
ipt-pxd
-
guidance
100-100.50
spread
-
coupon
15.00%
spread set
-
price
100.00000
yield
15.00%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Redemption: 2026-11-05; Comments: Max Issue Amount: USD 225 million;
Collateral
(i) a pledge over (A) certain shares in Salmon Bank owned by the Issuer, and (B) certain rights under the Option Agreement (in connection with the Issuer’s rights to acquire shares of Salmon Bank), (ii) a movables pledge in respect of certain of the Issuer’s present and future tangible movable assets, (iii) a pledge in respect of certain of the shares in each Guarantor, (iv) a pledge where certain Guarantors create a security interest over and assign certain assets, and (v) a pledge over any existing and future Material Intragroup Loans
Guarantor(s)
Certain Material Group Companies (other than Salmon Bank (Rural Bank) Inc (formerly Rural Bank of Sta Rosa (Laguna) Inc) (“Salmon Bank”)) and Salmon Financial Technologies Pte Ltd
Use of Proceeds
General Corporate Purposes including for the growth of the loan book and continued investments in the business of the Group

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