Log In
No results found for "".

Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
QATIQD
QIC (Cayman) Ltd$400
1EMEA
Jun 29, 2022
currency
USD
size (m)
400.000
maturity
-
type
Fixed
tenor
-
call
-
registration
Reg S Only
benchmark
Tsy
ranking
Subordinated
moody's
-
s&p
BBB+
fitch
-
size description
-
re-open/tap
No
ipt
Low 7% a
ipt-pxd
-
guidance
-
spread
353.7
coupon
6.75%
spread set
-
price
100.00000
yield
6.75%
book size (m)
1,400
peak book (m)
-
x-covered
3.5
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
CSG, EMN, HSB, JPM, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,400
peak book (m)
-
x-covered
3.5
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
CSG, EMN, HSB, JPM, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
P NC 6: Book size: 1400; Redemption: 2028-07-07; Registration: Reg S Only; Comments: USD400m PNC6 Tier 2 RegS. NR/BBB+. GloCos BNPP(struct/B&D)/JPM, JBs CS/ENBD/HSBC/QNB. With tender for Qatar Re USD450m Perp T2 (Sep call). IPTs low 7% area for exp 400m. Launch 400m at 6.75%, bk >1.4bn, Reset to 6yr CMT+initial 353.7. FTT 8am Thurs. Regulatory Call: Capital Disqualification Event. Tax Call: Yes. Par Call: 3m. Reset Date: 2028-07-07. Cleanup Call: at 80% Distribution: MENA 56%, UK/Switze/RoEur 40%, Asia 4%. AM/FM/HF 48%, Bks/PB 33%, Ins/PF 19%.;
Deal Comments
Tier 2
Guarantor(s)
Qatar Insurance Co QSPC

Commentary

Explore all other Commentary & Deal Flow

Deal Flow

Explore all other Commentary & Deal Flow