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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
CRH
Caisse de Refinancement de lHabitat SA€1,400
1EMEA
May 6, 2026
currency
EUR
size (m)
1,400.000
maturity
Oct 20, 2031
type
Fixed
tenor
5.400
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Covered Bond
moody's
Aaa
s&p
-
fitch
AAA
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-6
guidance
MS+35 area
spread
29
coupon
3.125%
spread set
-
price
99.95800
yield
3.136%
book size (m)
3,200
peak book (m)
3,300
x-covered
2.29
book attrition
-3.03%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
3,200
peak book (m)
3,300
x-covered
2.29
book attrition
-3.03%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 3200; Registration: Reg S Only; Comments: DBR 0 08/15/31 TWIN (86.941 / B+44.6bps / HR: 110%). LEI: 969500TVVZM86W7W5I94;
Deal Comments
UPDATE: Spread Set at MS+29
Relative Value

COMPS

Ticker

Rating (M/S/F)

Coupon

Px Date

Size

Mty

Years to Maturity

I-spread MID (bps)

CRH

Aaa/-/ AAA

2.750%

Jan-26

€1250m

Jan-31

4.7

24

ACACB

Aaa/ AAA/ AAA

2.750%

Feb-26

€1250m

Jul-31

5.2

25

CMCICB

Aaa/ AAA/ AAA

2.625%

Feb-26

€1250m

Sep-31

5.4

27