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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
SSA
PRCD
BSTDBK
Black Sea Trade and Development Bank (BSTDB)$150
1EMEA
Jul 22, 2020
currency
USD
size (m)
150.000
maturity
Jun 26, 2024
type
Fixed
tenor
3.900
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A2
s&p
A-
fitch
-
size description
-
re-open/tap
No
ipt
MS+265 a
ipt-pxd
-
guidance
MS+240 a
spread
225
coupon
3.5%
spread set
-
price
103.71000
yield
-
book size (m)
600
peak book (m)
-
x-covered
4
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
600
peak book (m)
-
x-covered
4
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
3.9 yr: Book size: 600; Registration: Reg S Only; Comments: USD150m tap of 400m 3.5% Jun 2024. With switch/tender for 4.875% 2021. A2/A-. HSBC(B&D)/JPM/SG. IPTs MS+265 area, guidance +240 area, tbp +225 for 100m-150m, launched 150m. Final combined book c. 600m. T 2 05/31/24 at 106-27+ 0.212% (+228.4bps);
Deal Comments
USD150 tap of 400m 3.5% due 6/26/24.

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