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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
EQBCN
Equitable Bank€500
1USOA
Oct 7, 2026
currency
EUR
size (m)
500.000
maturity
Dec 7, 2029
type
Fixed
tenor
3.200
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Covered Bond
moody's
Aa1
s&p
-
fitch
AA+
size description
Will Not Grow
re-open/tap
No
ipt
-
ipt-pxd
-4
guidance
MS+38 area
spread
34
coupon
3.75%
spread set
-
price
99.87500
yield
3.789%
book size (m)
1,200
peak book (m)
1,200
x-covered
2.4
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
coordinating managers
-
book size (m)
1,200
peak book (m)
1,200
x-covered
2.4
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
coordinating managers
-
Tranche Comments
Book size: 1200; First Pay: 2027-12-07; Registration: Reg S Only; Comments: DBR 2.100% 11/15/2029 + 63.9bps (px:96.94); HR 102%. LEI: 5493004QI4QQE17ETY06;
Guarantor(s)
EQB Covered Bond (Legislative) Guarantor Ltd Partnership
Relative Value

COMPS

Security

Maturity

Years to Maturity

Rating (M/S/F)

Size (€m)

I-Sprd (mid)

EQBCN 2.375% 09/28/28

Sep-28

2

Aa1/-/AA+

500

17

BNS 2.475% 01/22/29

Jan-29

2.3

Aaa/-/AAA

1,250

9

RY 2.625% 03/16/29

Mar-29

2.5

Aaa/-/AAA

1,250

9

BMO 2.75% 06/08/29

Jun-29

2.7

Aaa/-/AAA

1,000

8