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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
BCRBK
Banca Comerciala Romana SA€500
1EMEA
Nov 17, 2025
currency
EUR
size (m)
500.000
maturity
Nov 25, 2031
type
Fixed to Floating
tenor
6.000
call
5.00
registration
Reg S Only
benchmark
Swaps
ranking
Senior Non-Preferred
moody's
Baa2
s&p
-
fitch
BBB+
re-open/tap
No
ipt
MS+200 area
ipt-pxd
-
guidance
n/a - straight to launch
spread
165
coupon
4.00%
spread set
-
price
99.63100
yield
4.083%
book size (m)
1,150
peak book (m)
-
x-covered
2.3
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,150
peak book (m)
-
x-covered
2.3
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1150; First Pay: 2026-11-25; Redemption: 2030-11-25; Registration: Reg S Only; Comments: EUR500m 6NC5 fxd-to-frn cpn 4.00% at 99.631, yld 4.083%. Spread: MS+165bps. 178.0 vs. OBL 2.2 30 #192 (99.517%) / HR 97%;

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