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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
SWEDA
Swedbank AB€500
1EMEA
Sep 22, 2026
currency
EUR
size (m)
500.000
maturity
Sep 29, 2036
type
Fixed Rate Reset
tenor
10.000
call
5.00
registration
Reg S Only
benchmark
Swaps
ranking
Tier 2
moody's
A3
s&p
A-
fitch
A
re-open/tap
No
ipt
MS+135 area
ipt-pxd
-27
guidance
STL
spread
108
coupon
4.50%
spread set
-
price
99.95600
yield
4.51%
book size (m)
1,100
peak book (m)
1,500
x-covered
2.2
book attrition
-26.67%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,100
peak book (m)
1,500
x-covered
2.2
book attrition
-26.67%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1100; First Pay: 2027-09-29; Redemption: 2031-09-29; Registration: Reg S Only; Comments: +124.9bps vs OBL 2.9 10/08/31 #194 (px 98.330). HR 97%. Tax Call: Yes. Regulatory Call: Yes. LEI: M312WZV08Y7LYUC71685;
Relative Value

COMPS

Ticker

Moody's

S&P

Fitch

Coupon

Pricing Date

Call Date

Yr to Call

Yr to Mty

Green?

O/S

ISprd (Bid)

SWEDA

A3

A-

A

3.5

12/08/2025

19/08/2030

3.9

8.9

N

500

92

NDAFH

A3

A-

A

3.875

09/06/2026

16/06/2031

4.7

9.7

Y

500

101

SHBASS

A2

A-

A+

3.625

25/10/2024

04/11/2031

5.1

10.1

Y

500

98

SEB

A3

A-

A

4

11/08/2026

18/08/2032

5.9

10.9

N

500

104