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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
COMM
PRCD
SCMNVX
Swisscom Finance BV€1,000
2EMEA
May 11, 2026
currency
EUR
size (m)
500.000
maturity
May 20, 2029
type
Fixed
tenor
3.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A2
s&p
A-
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
MS+70 area
ipt-pxd
-35
guidance
MS+40 area
spread
35
coupon
3.125%
spread set
-
price
99.89800
yield
3.161%
book size (m)
1,600
peak book (m)
2,400
x-covered
3.2
book attrition
-33.33%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
book size (m)
1,600
peak book (m)
2,400
x-covered
3.2
book attrition
-33.33%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
currency
EUR
size (m)
500.000
maturity
May 20, 2029
type
Fixed
tenor
9.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A2
s&p
A-
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
MS+110 area
ipt-pxd
-37
guidance
MS+80 area
spread
73
coupon
3.625%
spread set
-
price
99.15000
yield
3.738%
book size (m)
1,450
peak book (m)
2,600
x-covered
2.9
book attrition
-44.23%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
book size (m)
1,450
peak book (m)
2,600
x-covered
2.9
book attrition
-44.23%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
Tranche Comments
Book size: 1600; Registration: Reg S Only; Comments: 53.0bps vs OBL 2.1 04/12/29 @98.527 / 2.631% (HR: 103%). Tax Call: Yes. Par Call: 1m. MWC: B+10bps. Clean-Up Call: 80%. LEI: 549300L41E8X8K71RV25; Book size: 1450; Registration: Reg S Only; Comments: 73.7bps vs DBR 0 05/15/35 @76.625/ 3.001% (HR: 112%). Tax Call: Yes. Par Call: 3m. MWC: B+15bps. Clean-Up Call: 80%. LEI: 549300L41E8X8K71RV25;
Guarantor(s)
Swisscom Ltd
Use of Proceeds
3yr: General corporate purposes, including to refinance existing indebtedness of the group; 9yr: Finance or refinance Eligible Green Projects (as defined under Green Bond Framework)
Relative Value

COMPS

Issuer

Ratings

Size

Coupon

Maturity

Tenor

I-Sprd

SCMNVX

A2/A-

€ 500m

3.5

Aug-28

2.3

29

SCMNVX

A2/A-

€ 500m

0.375

Nov-28

2.5

28

SCMNVX

A2/A-

€ 1,250m

3.5

Nov-31

5.6

57

SCMNVX

A2/A-

€ 500m

3.125

May-32

6

58

SCMNVX

A2/A-

€ 500m

3.25

Sep-34

8.3

68

SCMNVX

A2/A-

€ 1,000m

3.625

Nov-36

10.6

78

SCMNVX

A2/A-

€ 700m

3.625

Nov-37

11.5

88

SCMNVX

A2/A-

€ 750m

3.875

May-44

18.1

113

DT

A3/BBB+/BBB+

€ 750m

2.625

Dec-29

3.6

35

DT

A3/BBB+/BBB+

€ 750m

3.375

Apr-33

7

62

DT

A3/BBB+/BBB+

€ 850m

3.25

Jun-35

9.1

70

DT

A3/BBB+/BBB+

€ 750m

3.25

Mar-36

9.9

76

DT

A3/BBB+/BBB+

€ 750m

3.875

Apr-38

12

93

ORAFP

Baa1/BBB+/BBB+

€ 750m

2.75

May-29

3

42

ORAFP

Baa1/BBB+/BBB+

€ 1,000m

3.125

Nov-31

5.5

65

ORAFP

Baa1/BBB+/BBB+

€ 750m

3.5

May-35

9

88

ORAFP

Baa1/BBB+/BBB+

€ 1,375m

3.5

Nov-34

8.5

86