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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
REAL
PRCD
LOGICR
Logicor Financing Sarl€500
1EMEA
Oct 20, 2026
currency
EUR
size (m)
500.000
maturity
Jan 27, 2033
type
Fixed
tenor
6.300
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
BBB
fitch
-
size description
Expected
re-open/tap
No
ipt
MS+195 area
ipt-pxd
-20
guidance
STL
spread
175
coupon
5.125%
spread set
-
price
99.54400
yield
5.217%
book size (m)
815
peak book (m)
1,200
x-covered
1.63
book attrition
-32.08%
nic
15
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
815
peak book (m)
1,200
x-covered
1.63
book attrition
-32.08%
nic
15
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 815; Registration: Reg S Only; Comments: 195.4bps vs DBR 2 ½ 11/15/32 @ 95.860 / HR 98%. MWC: B+30. CoC: Yes. Tax Call: Yes. Clean-Up Call: 80%. LEI: 254900IS16Q1A2TQFN22;
Guarantor(s)
Eurocor II Sarl, Eurocor III Sarl, Eurologi II Sarl, Eurologi III Sarl, Eurologi IV Ltd, Eurocor UK Ltd
Use of Proceeds
An amount equal to the net proceeds from the issuance will be applied to finance and/or re-finance Eligible Green Projects as more particularly described under “Use of Proceeds” in the Base Listing Particulars and the 2026 Green Finance Framework (as defined in the Base Listing Particulars). Pending allocation of an amount equal to the net proceeds of any Tranche of Green Bonds to Eligible Green Projects, all or a portion of the net proceeds from such issue of any such Tranche may be temporarily invested or otherwise maintained in cash, cash equivalents and/or short-term investments
Relative Value

6.3yr (Jan 2033) @ MS+195a

Implied Spread for fresh 6.3yr @ MS+160
Priced at MS+175
NIC of +15


СOMPS

Ticker

Issuer

Rating (S&P)

Coupon

Maturity

Tenor

I-Spread (Bid)

LOGICR

Logicor Financing S.A.

BBB

4.25%

Jul-29

2.7y

+81 bps

LOGICR

Logicor Financing S.A.

BBB

1.63%

Jan-30

3.2y

+115 bps

LOGICR

Logicor Financing S.A.

BBB

0.88%

Jan-31

4.2y

+119 bps

LOGICR

Logicor Financing S.A.

BBB

3.75%

Jul-32

5.7y

+142 bps

LOGICR

Logicor Financing S.A.

BBB

2.00%

Jan-34

7.2y

+161 bps