No results found for "".

Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
NWIDE
Nationwide Building Society€750
1EMEA
Sep 22, 2026
currency
EUR
size (m)
750.000
maturity
Sep 29, 2034
type
Fixed to Floating
tenor
8.000
call
7.00
registration
Reg S Only
benchmark
Swaps
ranking
Senior Non-Preferred
moody's
A3
s&p
BBB+
fitch
A
re-open/tap
No
ipt
MS+125 area
ipt-pxd
-25
guidance
-
spread
100
coupon
4.375%
spread set
-
price
99.65100
yield
4.434%
book size (m)
1,100
peak book (m)
1,900
x-covered
1.47
book attrition
-42.11%
nic
10
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,100
peak book (m)
1,900
x-covered
1.47
book attrition
-42.11%
nic
10
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1100; Redemption: 2033-09-29; Registration: Reg S Only; Comments: DBR 2.6 08/15/2033. 95.535% / 3.335% / 109.9bps (HR: 100%). Tax Call: Yes. Regulatory Call: Yes. LEI: 549300XFX12G42QIKN82;
Use of Proceeds
General corporate purposes, as per Base Prospectus
Relative Value

Senior Non-Preferred
NC7yr (Sep 2033) @ MS+125a
Implied Spread for fresh NC7yr @ MS+90
Priced at MS+100
NIC of +10


COMPS

Ticker

Issue Date

Payment Rank

Rating

Size (mn)

Coupon (%)

Maturity Date

Next Call Date

TTC (yrs)

Bid I-spread (bps)

NWIDE

Jul-24

SNP

(A3 / BBB+ / A)

€ 1,000

3.828

Jul-32

Jul-31

4.8

78

NWIDE

Jan-25

SNP

(A3 / BBB+ / A)

€ 1,250

3.77

Jan-36

Jan-35

8.4

97

NWIDE

Jan-26

SNP

(A3 / BBB+ / A)

€ 1,000

3.854

Feb-37

Feb-36

9.4

96