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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
REAL
PRCD
MERYFP
Mercialys SA€300
1EMEA
Oct 27, 2026
currency
EUR
size (m)
300.000
maturity
Jan 3, 2033
type
Fixed
tenor
6.250
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
BBB
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
MS+220 area
ipt-pxd
0
guidance
STL
spread
220
coupon
5.25%
spread set
-
price
98.22100
yield
5.603%
book size (m)
495
peak book (m)
600
x-covered
1.65
book attrition
-17.50%
nic
48
billing & delivering
active leads
BNP, CAG, CRC, LBP, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
495
peak book (m)
600
x-covered
1.65
book attrition
-17.50%
nic
48
billing & delivering
active leads
BNP, CAG, CRC, LBP, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 495; Registration: Reg S Only; Comments: DBR 2.5 11/32 @ 96.21% (3.199%) HR 95%. NP: Yes. MWC: OAT +20. CoC: 100%. Clean-Up Call: 75%. LEI: 969500081CGAXB7YS433;
Use of Proceeds
General Corporate Purposes
Relative Value

L 6yr (Jan 2033) @ MS+220a

Implied Spread for fresh L6yr @ MS+173
Priced at MS+220
NIC of +48


COMPS

Issuer

Rating

Tenor

MS+

MERYFP 4.00 9/10/31

Nr/BBB/Nr

4.9

151

MERYFP 4.00 6/4/32

Nr/BBB/Nr

5.6

154

CARDFP 3.875 1/25/32

Nr/BBB/BBB+

5.3

133

CARDFP 3.750 1/13/33

Nr/BBB/BBB+

6.3

173

COVFP 4.625 6/5/32

Nr/BBB+/Nr

5.6

140

COVFP 4.125 7/29/33

Nr/BBB+/Nr

6.8

162

COVFP 3.625 6/17/34

Nr/BBB+/Nr

7.7

145

PRAEFP 3.875 6/5/32

Nr/BBB/Nr

5.6

169

LOGICR 5.125 1/27/33

Nr/BBB/Nr

6.3

179