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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
INDS
PRCD
PCAR
Paccar Financial Europe BV€300
1EMEA
May 7, 2026
currency
EUR
size (m)
300.000
maturity
May 15, 2029
type
Fixed
tenor
3.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A1
s&p
A+
fitch
-
size description
-
re-open/tap
No
ipt
MS+75 area
ipt-pxd
-35
guidance
n/a - straight to launch
spread
40
coupon
3.125%
spread set
-
price
99.94600
yield
3.144%
book size (m)
875
peak book (m)
1,200
x-covered
2.92
book attrition
-27.08%
nic
0
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
875
peak book (m)
1,200
x-covered
2.92
book attrition
-27.08%
nic
0
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 875; Registration: Reg S Only; Comments: +59.2bps vs OBL 2.1% 04/12/29 (98.74 / 2.552%) / HR 102%. LEI: Q47A62EK6GMSID3Y8C39;
Use of Proceeds
General Corporate Purposes
Relative Value

3 year (May 2029) @ IPTs of MS+75 area

Implied Spread for fresh 3 year @ +40

Priced at MS +40

NIC of 0


COMPS

Security

Ratings

Coupon

Issue Date

Amt(€m)

Tenor

i+

PCAR 2 3/4 05/19/28

A1 / A+ / NR

2.75%

19/05/2025

350

2.0y

32

PCAR 2 1/2 11/13/28

A1 / A+ / NR

2.50%

13/11/2025

300

2.5y

36

DE 2 1/2 09/11/28

A1 / A / A+

2.50%

11/09/2025

500

2.3y

22

DE 3.3 10/15/29

A1 / A / A+

3.30%

01/07/2024

600

3.4y

34