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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
REAL
PRCD
GYCGR
Grand City Properties Finance SARL€600
1EMEA
Apr 24, 2026
currency
EUR
size (m)
600.000
maturity
-
type
Fixed Rate Reset
tenor
Perp
call
5.25
registration
Reg S Only
benchmark
-
ranking
Jr. Subordinated
moody's
-
s&p
BB+
fitch
-
size description
-
re-open/tap
No
ipt
6.125% area
ipt-pxd
-32.5
guidance
n/a - straight to launch
spread
-
coupon
5.25%
spread set
-
price
97.59700
yield
5.8%
book size (m)
1,300
peak book (m)
-
x-covered
2.17
book attrition
-
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,300
peak book (m)
-
x-covered
2.17
book attrition
-
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1300; First Pay: 2026-08-05; Redemption: 2031-05-05; Registration: Reg S Only; Comments: EUR600m PNC5.25, Hybrid fxd-rate-reset cpn 5.25% at 97.597, yld 5.80%. Tax Call: Yes. MWC: Yes. CoC: 100%. Clean-Up Call: 75%. Regulatory Call: Yes. LEI: 8945006UT2CWIRXJSL95;
Deal Comments
Hybrid Bond
Guarantor(s)
Grand City Properties SA
Use of Proceeds
General Corporate Purposes