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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
CRDEM
Credito Emiliano SpA (Credem)€750
1EMEA
Jun 30, 2021
currency
EUR
size (m)
750.000
maturity
Jul 7, 2028
type
Fixed
tenor
7.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
-
moody's
Aa3
s&p
NR
fitch
AA-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
MS+17 a
spread
14
coupon
0.01%
spread set
-
price
99.79700
yield
0.039%
book size (m)
1,600
peak book (m)
-
x-covered
2.13
book attrition
-
nic
2
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,600
peak book (m)
-
x-covered
2.13
book attrition
-
nic
2
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
7 yr: Book size: 1600; Registration: Reg S Only; Comments: EUR750m 7yr OBG covered RegS. Aa3/NR/AA-. Barc/BNPP/CA-CIB/SG/Uni(B&D). Guidance MS+17 area, launch 750m at MS+14, bks >1.6bn (145m JLM), DBR 0.5 02/15/28 + 51.1bps (Px 106.560) FTT 3.15pm. LEI: 8156004B244AA70DE787. Distribution: It 54%, Ger/Aus 21%, Nordics 12%, Benelux 4%, Asia 4%, Switz 2%, Fr 2%, UK 1%. Tsy 41%, CB 27%, AM 25%, Bks/PB 7%;
Deal Comments
Covered Bond

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