| C/P | Industry | Status | Ticker(s) | Issuer(s) | Size(m) | Tranches | Region | Date | |
|---|---|---|---|---|---|---|---|---|---|
IGC | FNCL | PRCD | BACR | Barclays PLC | €1,750 | 2 | EMEA | May 5, 2026 |
4NC3 (to call May 2029) @ IPTs of MS+100 area
Implied Spread for fresh 4NC3 year @ +65
Priced at MS+70
NIC of +5
11.5NC10.5 (to call Nov 2036) @ IPTs of MS+160 area
Implied Spread for fresh 11.5NC10.5 @ +125
Priced at MS+130
NIC of +5
4NC3 Comparables | ||||||||
Ticker | Ccy | Coupon | Rating | Maturity | Maturity (Years) | I-Spread (Bid - Offer) | Size | Issue Date |
BACR | EUR | 0.577 | Baa1/BBB+/A | Aug-29-nc-Aug-28 | 3.3-nc-2.3 | 53 - 45 | €1.5bn | Aug-21 |
BACR | EUR | 4.918 | Baa1/BBB+/A | Aug-30-nc-Aug-29 | 4.3-nc-3.3 | 69 - 63 | €1.25bn | Aug-23 |
HSBC | EUR | 3.313 | A3/A-/A+ | May-30-nc-Dec-27 | 4.0-nc-3.0 | 65 - 59 | €1.5bn | May-25 |
NWG | EUR | 3.240 | A3/A-/A+ | May-30-nc-May-29 | 4.0-nc-3.0 | 63 - 57 | €1.25bn | May-25 |
LLOYDS | EUR | 3.500 | A3/A-/A+ | Nov-30-nc-Nov-29 | 4.5-nc-3.5 | 61 - 55 | €1bn | Aug-24 |
11NC10 Comparables | ||||||||
BACR | EUR | 4.347 | Baa1/BBB+/A | May-35-nc-May-34 | 9.0-nc-8.0 | 113 - 108 | €1bn | May-24 |
BACR | EUR | 3.941 | Baa1/BBB+/A | Jan-36-nc-Jan-35 | 9.7-nc-8.7 | 114 - 108 | €1.25bn | Nov-24 |
BACR | EUR | 3.792 | Baa1/BBB+/A | Oct-36-nc-Oct-35 | 10.5-nc-9.5 | 117 - 112 | €1.25bn | Oct-25 |
LLOYDS | EUR | 3.750 | A3/A-/A+ | Feb-37-nc-Feb-36 | 10.8-nc-9.8 | 96 - 92 | €750m | Feb-26 |
NWG | EUR | 3.756 | A3/A-/A+ | Feb-37-nc-Feb-36 | 10.8-nc-9.8 | 98 - 94 | €750m | Feb-26 |