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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
CRELAN
Crelan SA/NV€300
1EMEA
Jan 23, 2026
currency
EUR
size (m)
300.000
maturity
Apr 30, 2037
type
Fixed Rate Reset
tenor
11.250
call
6.25
registration
Reg S Only
benchmark
Swaps
ranking
Subordinated
moody's
Baa2
s&p
-
fitch
-
re-open/tap
No
ipt
MS+160-165 area
ipt-pxd
-27.5
guidance
n/a - straight to launch
spread
135
coupon
4.00%
spread set
-
price
99.85200
yield
4.03%
book size (m)
1,300
peak book (m)
1,450
x-covered
4.33
book attrition
-0.10%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,300
peak book (m)
1,450
x-covered
4.33
book attrition
-0.10%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1300; First Pay: 2026-04-30; Registration: Reg S Only; Comments: EUR300m 11.25NC6.25 cpn fxd-rate-reset 4.00% at 99.852, yld 4.03%. Spread: MS+ 135bps. DBR 0% 15/02/2032+ 147 bps (85.815 %) - HR=107%. Reset Date: 4/30/2032. Tax Call: Yes. LEI: 549300DYPOFMXOR7XM56;
Deal Comments
Tier 2 Notes

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