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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
JYBC
Jyske Bank AS€500
1EMEA
Oct 15, 2026
currency
EUR
size (m)
500.000
maturity
Oct 21, 2032
type
Fixed Rate Reset
tenor
6.000
call
5.00
registration
Reg S Only
benchmark
Swaps
ranking
Senior Preferred
moody's
-
s&p
A+
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
MS+105 area
ipt-pxd
-30
guidance
STL
spread
75
coupon
4.125%
spread set
-
price
99.97300
yield
4.131%
book size (m)
2,900
peak book (m)
3,000
x-covered
5.8
book attrition
-3.33%
nic
-5
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,900
peak book (m)
3,000
x-covered
5.8
book attrition
-3.33%
nic
-5
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 2900; First Pay: 2027-10-21; Redemption: 2031-10-21; Registration: Reg S Only; Comments: OBL 2.9% 10/31s #194 (HR: 98%) @98.82 // B+97.5bps. Tax Call: Yes. Regulatory Call: Yes. LEI: 3M5E1GQGKL17HI6CPN30;
Use of Proceeds
General banking and other corporate purposes
Relative Value

Senior Preferred
NC5yr (Oct 2031) @ MS+105a
Implied Spread for fresh NC5yr @ MS+80
Priced at MS+75
NIC of -5


COMPS

Ticker

Ratings

Coupon

Size

Type

Maturity

Tenor*

I-Sprd


JYBC

-/A+/-

2.88%

500m

SP Callable

05-2029/28s

1.6yr

38


JYBC

-/BBB+/-

3.63%

500m

SNP Callable

06-2032/31s

4.7yr

81

green

ABNANV

A1/A/AA-

3.00%

750m

SP Bullet

10-2031

5.0yr

41

green

SWEDA

Aa2/AA-/AA+

3.38%

1bn

SP Bullet

08-2031

4.8yr

46

green

OPBANK

Aa3/AA-/-

3.25%

500m

SP Bullet

05-2031

4.6yr

53

green

SRBANK

Aa3/-/-

3.50%

500m

SP Bullet

08-2031

4.8yr

58

green

DANBNK

A1/A+/AA

3.25%

750m

SP Callable

01-2033/32s

5.3yr

65