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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
FNCL
PRCD
ALBIAB
BAB USD AT1 Sukuk Ltd$500
1EMEA
Jan 8, 2026
currency
USD
size (m)
500.000
maturity
-
type
Fixed Rate Reset
tenor
Perp
call
5.00
registration
Reg S Only
benchmark
YLD
ranking
Additional Tier 1
moody's
-
s&p
-
fitch
-
size description
-
re-open/tap
No
ipt
6.750% area
ipt-pxd
-
guidance
n/a - straight to launch
spread
-
coupon
6.375%
spread set
-
price
100.00000
yield
6.375%
book size (m)
1,750
peak book (m)
-
x-covered
3.5
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
ADC, ALB, DIB, EMN, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,750
peak book (m)
-
x-covered
3.5
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
ADC, ALB, DIB, EMN, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1750; First Pay: 2026-07-15; Redemption: 2031-01-15; Registration: Reg S Only; Comments: USD500m PNC5 cpn fxd-rate-reset 6.375% at 100, yld 6.375%. Reset Margin: 265bps. B&D: HSBC. LEI: 254900A6S11KBPS78M78;
Deal Comments
Sukuk Bond
Use of Proceeds
To improve its Tier 1 capital and for general banking purposes

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