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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
INDS
PRCD
ABESM
Abertis Infraestructuras Finance BV€500
1EMEA
Apr 21, 2026
currency
EUR
size (m)
500.000
maturity
-
type
Fixed Rate Reset
tenor
Perp
call
5.50
registration
Reg S Only
benchmark
-
ranking
Jr. Subordinated
moody's
-
s&p
BB
fitch
BB+
size description
Will Not Grow
re-open/tap
No
ipt
5.25%-5.375%
ipt-pxd
-56.25
guidance
n/a - straight to launch
spread
-
coupon
4.7444%
spread set
-
price
100.00000
yield
4.75%
book size (m)
4,800
peak book (m)
5,300
x-covered
9.6
book attrition
-9.43%
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
4,800
peak book (m)
5,300
x-covered
9.6
book attrition
-9.43%
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 4800; First Pay: 2026-10-29; Registration: Reg S Only; Comments: EUR500m PNC5.5, Hybrid fxd-rate-reset cpn 4.7444% at 100, yld 4.750%. Back-end Spread: MS+192.8. First Reset Date: 29-Oct-2031. Tax Call: Yes. Par Call: 3m. MWC: B+35. CoC: 100%. Clean-Up Call: 75%. Regulatory Call: Yes. LEI: 5493007WHKI5H75YJ358;
Deal Comments
Hybrid Bond
Guarantor(s)
Abertis Infraestructuras SA
Use of Proceeds
General corporate purposes including the refinancing of existing debt within the group