Book size: 4900; Registration: Reg S Only; Comments: EUR1.25bn 10yr fxd cpn 3.45% at 99.986, yld 99.986%. Spread: SPGB+14. SPGB 3.30% 04/30/2036 (MID) @ 99.923 / 3.31% Yield. LEI: 959800G42HFTN7MWAY79;
Deal Comments
Reoffer: 10yr: SPGB+14bp / 99.986 / 3.45%
Benchmark: 10yr: SPGB 3.30% 30-Apr-36 (MID) @ 99.923 / 3.31% Yield
Final Books: In excess of €4.9bn (incl. €150m JLM interest)
Launched: 10yr: €1.25bn @ SPGB+14bp - Orderbooks in excess of €4.9bn at spread set (incl. €150m JLM interest)
Spread set at: 10yr: SPGB+14bp - Books over €4.9bn (incl 150m JLM)
Revised Guidance: 10yr: SPGB+15a - Orderbooks in excess of €4.8bn (incl. €150m JLM interest)
Guidance: 10yr: SPGB+18a
Issuer: Junta de Andalucía (Ticker: ANDAL)
LEI: 959800G42HFTN7MWAY79
Issuer Ratings: A3/A-/AH (all stable) (Moody's/S&P/DBRS)
Exp. Issue Ratings: A3/A-/AH (Moody's/S&P/DBRS)
Format: Sustainable, Reg S Cat 1, Dematerialise Book-entry form (No sales into Canada)
Ranking: Senior, Unsecured
Status: Risk weighted 0%, LCR Level 1
Size: €1.25bn
Settlement: 12-Feb-26 (T+7)
Maturity: 30-Apr-36
Coupon: 3.45% Fixed, Annual, Act/Act, long first coupon
Reoffer: 99.986 / 3.45% Yield (SPGB + 14bp)
Benchmark Ref: SPGB 3.30% 30-Apr-36 (MID) @ 99.923 / 3.31% Yield
Listing: AIAF
Governing Law: Spanish
Min Denominations: €1k+ €1k
Use of Proceeds: As defined in Junta de Andalucia’s Sustainable Finance Framework
Docs: Exempt from prospectus requirements in Spain. Spanish public debt tax regime. No events of default. No tax gross up
Target Market: The target market for the Bonds is professionals and eligible counterparties (all channels for distribution), each as defined in MIFID II
Joint Bookrunners: BBVA (B&D), CaixaBank, Crédit Agricole CIB, HSBC, Kutxabank Investment and Santander
Fees: The Banks will be paid a fee by the Issuer in respect of the placement of the securities. Details of the fee may be made available to investors on request from your usual sales contact
ISIN: ES0000090979
Timing: Priced, TOE 14.00UK / 15.00 CET. FTT immediately
Use of Proceeds
As defined in Junta de Andalucia’s Sustainable Finance Framework