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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
UTIL
PRCD
ENEXIS
Enexis Holding NV€500
1EMEA
Oct 27, 2026
currency
EUR
size (m)
500.000
maturity
Nov 5, 2034
type
Fixed
tenor
8.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
-
fitch
AA
size description
Will Not Grow
re-open/tap
No
ipt
MS+125 area
ipt-pxd
-32
guidance
STL
spread
93
coupon
4.25%
spread set
-
price
99.36300
yield
4.346%
book size (m)
3,100
peak book (m)
3,100
x-covered
6.2
book attrition
0.00%
nic
5
billing & delivering
active leads
ABN, BNP, ING, NTW, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
3,100
peak book (m)
3,100
x-covered
6.2
book attrition
0.00%
nic
5
billing & delivering
active leads
ABN, BNP, ING, NTW, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 3100; Registration: Reg S Only; Comments: DBR 2.6 08/15/2034 @ 95.47 / +107.9bp / 3.267% / HR 100%. MWC: B+20. Clean-Up Call: 75%. LEI: 7245009Q5867Q0YC9Q13;
Use of Proceeds
Eligible Green Assets as per Enexis’ Green Finance Framework dated April 2023 available at https://www.enexisgroep.com/investor-relations/funding/
Relative Value

Green
8yr (Nov 2034) @ MS+125a

Implied Spread for fresh 8yr @ MS+88
Priced at MS+93
NIC of +5


COMPS

Issue Date

Security

Ratings

Coupon

Amount

Maturity

Years to Maturity

YTM

I+

Green

25-Feb-26

ENEXIS 3 02/25/32

A1 / -- / --

3.00%

750

25-Feb-32

5.3

4.18%

76

Y

09-Apr-25

ENEXIS 3 1/4 04/09/33

A1 / -- / AA

3.25%

500

09-Apr-33

6.4

4.17%

74

Y

12-Jun-23

ENEXIS 3 5/8 06/12/34

A1 / NR / AA

3.63%

500

12-Jun-34

7.6

4.29%

86

Y

13-Nov-25

ENEXIS 3 3/8 11/13/35

-- / NR / AA

3.38%

500

13-Nov-35

9

4.34%

90

Y

30-May-24

ENEXIS 3 1/2 05/30/36

-- / NR / AA

3.50%

500

30-May-36

9.6

4.41%

96

Y

09-Apr-25

ENEXIS 3 5/8 04/09/37

A1 / -- / AA

3.63%

500

09-Apr-37

10.4

4.33%

87

Y

06-May-25

ALLRNV 3 05/06/33

-- / A / --

3.00%

500

06-May-33

6.5

4.19%

77

Y

07-Oct-24

ALLRNV 3 10/07/34

A1 / -- / --

3.00%

750

07-Oct-34

7.9

4.23%

80

Y

30-Apr-26

ALLRNV 3 3/4 04/30/36

A1 / -- / --

3.75%

500

30-Apr-36

9.5

4.28%

83

Y

28-May-26

STEDIN 3 5/8 05/28/33

-- / A- / --

3.63%

500

28-May-33

6.6

4.28%

85

Y

12-Feb-25

STEDIN 3 3/8 02/12/37

-- / A- / --

3.38%

500

12-Feb-37

10.3

4.41%

95

Y

06-Oct-26

STEDIN 4 5/8 10/06/38

-- / A- / --

4.63%

500

06-Oct-38

11.9

4.54%

106

Y