Crelan Home Loan SCF (fka AXA Bank Europe SCF SA) (CRLNCB)

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Crelan Home Loan SCF (fka AXA Bank Europe SCF SA) (CRLNCB)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	CRLNCB	Crelan Home Loan SCF (fka AXA Bank Europe SCF SA)	€1,250		2	EMEA	Apr 10, 2018

Tranche #1Crelan Home Loan SCF (fka AXA Bank Europe SCF SA)

currency

EUR

size (m)

750.000

maturity

Apr 18, 2025

type

Fixed

tenor

7.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Secured

moody's

Aaa

s&p

fitch

AAA

size description

re-open/tap

ipt

MS+0 a

ipt-pxd

guidance

MS-2 a

spread

-3

coupon

0.50%

spread set

price

99.22100

yield

0.614%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche #2Crelan Home Loan SCF (fka AXA Bank Europe SCF SA)

currency

EUR

size (m)

500.000

maturity

Apr 18, 2033

type

Fixed

tenor

15.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Secured

moody's

Aaa

s&p

fitch

AAA

size description

re-open/tap

ipt

MS+14 a

ipt-pxd

guidance

MS+12 a

spread

coupon

1.375%

spread set

price

99.97300

yield

1.377%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

7 yr: Registration: Reg S Only; Comments: EUR750m no-grow 7yr covered. With 500m 15yr. Aaa/nr/AAA. CMZ/CA-CIB/ING/Natx/SG/Uni(B&D). Guidance MS flat area, revised -2 area (+/-1 wpir), set -3. Books closed 1.9bn combined. +46.1bp vs DBR 02/25 @102.36. Tax Call: No. PP: No. XD: No; 15 yr: Registration: Reg S Only; Comments: EUR500m no-grow 15yr covered. With 750m 7yr. Aaa/nr/AAA. CMZ/CA-CIB/ING/Natx/SG/Uni(B&D). Guidance MS+14 area, revised +12 area (+/-2 wpir), set +10. Books closed >1.9bn combined pre-rec. +73.6bp vs DBR 01/31 @ 159.22. Tax Call: No. PP: No. XD: No;

Deal Comments

Covered Bond

Collateral

Prime Belgian and French mortgage collateral

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Crelan Home Loan SCF (fka AXA Bank Europe SCF SA) (CRLNCB)

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