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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
TECH
PRCD
SGELN
Sage Group PLC€500
1EMEA
Feb 18, 2026
currency
EUR
size (m)
500.000
maturity
Feb 25, 2033
type
Fixed
tenor
7.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
BBB+
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
MS+155 area
ipt-pxd
-30
guidance
n/a - straight to launch
spread
125
coupon
3.821%
spread set
-
price
100.00000
yield
3.821%
book size (m)
4,200
peak book (m)
-
x-covered
8.4
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
4,200
peak book (m)
-
x-covered
8.4
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 4200; Registration: Reg S Only; Comments: EUR500m NG 7yr, cpn 3.821% at 100, yld 3.821%. Spread: MS+125. DBR 2.3% Feb-33 @ 98.655 (HR 96%). CoC: 100%. Par Call: 3m. Clean-Up Call: 80%. MWC: B+20. LEI: 2138005RN5XYLTF8G138;
Deal Comments
Reoffer: 7yr: MS+125bp / 100.000 / 3.821% Benchmark: 7yr: DBR 2.3% Feb-33 @ 98.655 / B+130.9bp (HR 96%) Launched: 7yr: €500m @ MS+125bp (Books north of €3.3bn) IPTs: 7yr: MS+155bp area Issuer: The Sage Group plc Ticker: SGELN Country: GB Issuer LEI: 2138005RN5XYLTF8G138 Guarantor: Sage Treasury Company Limited Guarantor LEI: 2138006TSK7BN1MDC772 Issuer Rating: BBB+ Stable (S&P) Exp. Issue Rating: BBB+ (S&P) Format: Reg S Bearer, NGN, TEFRA D rules apply (no communications with or into the U.S.) Ranking: Senior, Unsecured Size: €500m Settlement: 25-Feb-26 (T+5) Maturity: 25 February 2033 (7 year) Reoffer: 100.000 / MS+125bp / 3.821% yield / B+130.9bp Coupon: 3.821%, Fixed, Annual, Act/Act (ICMA) Ref Bmk: DBR 2.3% Feb-33 @ 98.655 (HR 96%) Denoms: €100k x 1k Early Redemption: 3-month Par Call / MWC B+20 / CoC (100%) / Clean-Up Call (80%) Documentation: EMTN Base Prospectus dated 5 February 2026 Listing: London Stock Exchange (Main Market) Governing Law: English Law Clearing: Euroclear / Clearstream Luxembourg ISIN: XS3304304945 UoP: General Corporate Purposes Joint Bookrunners: BofA(B&D) / HSBC / Lloyds / Standard Chartered Bank / TD Securities Selling Restrictions: US: Regulation S (Category 2) only; TEFRA D and as per Base Prospectus Canadian Sales: Offers/sales into Ontario/Alberta/British Columbia only, subject to compliance with applicable law UK MiFIR Target Market/PRIIPs: Eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) or UK PRIIPs KID has been prepared as not available to retail in the EEA or the UK. Stabilisation: Relevant stabilisation regulations including FCA / ICMA will apply. Advertisement: This communication is an advertisement for the purposes of Prospectus Rules: Admission to Trading on a Regulated Market. It is not a prospectus. The Base Prospectus is available at https://www.rns-pdf.londonstockexchange.com/rns/9614R_1-2026-2-5.pdf and the Final Terms, when published, will be available at www.londonstockexchange.com/exchange/news/market-news/market-news-home.html Timing: PRICED / ToE: 15.17 / FTT: 15.45 UKT
Guarantor(s)
Sage Treasury Co Ltd
Use of Proceeds
General Corporate Purposes

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