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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
COND
PRCD
ISSDC
ISS Global A/S€750
1EMEA
May 6, 2026
currency
EUR
size (m)
750.000
maturity
May 11, 2031
type
Fixed
tenor
5.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa2
s&p
BBB
fitch
-
size description
-
re-open/tap
No
ipt
MS+110-115
ipt-pxd
-22.5
guidance
MS+90#
spread
90
coupon
3.50%
spread set
-
price
98.99900
yield
3.723%
book size (m)
1,400
peak book (m)
1,500
x-covered
1.87
book attrition
-6.67%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,400
peak book (m)
1,500
x-covered
1.87
book attrition
-6.67%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1400; Registration: Reg S Only; Comments: OBL 2 ½ 04/16/31 #193 (Px 99.12) +103.4bps / HR: 98%. Tax Call: Yes. Par Call: 3m. MWC: B+20. CoC: 100%. Clean-Up Call: 75%. LEI: 213800W6DPUGWBGTD766;
Deal Comments
UPDATE: Spread Set at MS+90#
Use of Proceeds
Refinancing of existing indebtedness and general corporate purposes
Relative Value

COMPS

TICKER

MDY

S&P

FITCH

ISSUE

MAT

CPN

TTM

AMT

€MS+

ISSDC

Baa2

BBB

-

May-24

Jun-29

3.875

3.1

500

58

SECUSS

-

BBB

-

Aug-23

Mar-29

4.375

2.8

600

49

SECUSS

-

BBB

-

Feb-24

Feb-30

3.875

3.8

500

65

SECUSS

-

BBB

-

Feb-25

May-32

3.375

6

300

77

RTOLN

-

BBB

BBB

Jun-22

Jun-30

4.375

4.1

600

64

ELISGP

NR

BBB-

-

Mar-24

Mar-30

3.75

3.9

400

86

ELISGP

Baa3

-

-

Aug-25

Sep-31

3.375

5.3

350

87

ADENVX

Baa1

BBB

-

May-19

Nov-29

1.25

3.5

300

57

ADENVX

Baa1

BBB

-

Sep-21

Sep-31

0.5

5.4

500

68