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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
FBOCAN
Fairstone Bank of Canada€500
1USOA
Oct 13, 2026
currency
EUR
size (m)
500.000
maturity
Oct 22, 2029
type
Fixed
tenor
3.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Covered Bond
moody's
Aa1
s&p
-
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
-
ipt-pxd
-5
guidance
MS+45 area
spread
40
coupon
3.75%
spread set
-
price
99.75500
yield
3.838%
book size (m)
1,400
peak book (m)
1,400
x-covered
2.8
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,400
peak book (m)
1,400
x-covered
2.8
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1400; First Pay: 2027-10-22; Registration: Reg S Only; Comments: 66.9bps vs OBL 2 ½ 10/11/29 #190 (@98.12 PX). LEI: 894500E7T4VPWVBNGQ73;
Guarantor(s)
FBOC Covered Bond (Legislative) Guarantor Ltd Partnership
Relative Value

COMPS

Security

Maturity

Years to Maturity

Rating (M/S/F)

Size (€m)

I-Sprd (mid)

EQBCN 3.75% 12/07/29

Dec-29

3.2

Aa1/-/AA+

500

33

BNS 2.475% 01/22/29

Jan-29

2.3

Aaa/-/AAA

1,250

14

RY 2.625% 03/16/29

Mar-29

2.5

Aaa/-/AAA

1,250

12

BMO 2.75% 06/08/29

Jun-29

2.7

Aaa/-/AAA

1,000

11