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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
INDS
PRCD
COROY
DP World Crescent Ltd$1,500
1EMEA
Sep 6, 2023
currency
USD
size (m)
1,500.000
maturity
Sep 13, 2033
type
Fixed
tenor
10.000
call
-
registration
Reg S Only
benchmark
Tsy
ranking
-
moody's
Baa2
s&p
-
fitch
BBB+
size description
-
re-open/tap
No
ipt
T+150 a
ipt-pxd
-
guidance
T+125-130
spread
119.8
coupon
5.50%
spread set
-
price
100.00000
yield
5.50%
book size (m)
2,900
peak book (m)
-
x-covered
1.93
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
DEU, DIB, EMN, FAB, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,900
peak book (m)
-
x-covered
1.93
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
DEU, DIB, EMN, FAB, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
10 yr: Book size: 2900; Registration: Reg S Only; Comments: USD1.5bn(upsized from USD1bn) 10yr sukuk green RegS. Baa2/NR/BBB+. Citi(B&D)/DB/DIB/ENBD/1ADB/HSBC(struct)/JPM/StCh. IPTs T+150 area for min 1bn, guidance T+125/+130 for 1.5bn, launch 5.5% yield. Final books 2.9bn+ excl JLM (peak 3.4bn+). CT10+119.8bps (spot @ 96-18+ / 4.302%) ISS 2PO. FTT 8am Thurs. LEI: 21380096JRTWB8TL9236. Par Call: 3m. Cleanup Call: 75%. CoC: Yes;
Deal Comments
Sukuk Green Bond

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