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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
INDS
PRCD
ARCAD
Arcadis NV€300
1EMEA
May 13, 2026
currency
EUR
size (m)
300.000
maturity
May 20, 2031
type
Fixed
tenor
5.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
BBB-
fitch
-
size description
-
re-open/tap
No
ipt
MS+160 area
ipt-pxd
-37
guidance
MS+130 area
spread
123
coupon
4.00%
spread set
-
price
99.24200
yield
4.171%
book size (m)
950
peak book (m)
1,350
x-covered
3.17
book attrition
-29.63%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
book size (m)
950
peak book (m)
1,350
x-covered
3.17
book attrition
-29.63%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
Tranche Comments
Book size: 950; Registration: Reg S Only; Comments: +134.6bps vs OBL 2.5% 04/16/31 (98.51 / 2.825%) / HR 98%. MWC: B+20. Tax Call: Yes. Clean-Up Call: 75%. Par Call: 3m. CoC: Yes. LEI: 7245000UZH70GO047N03;
Deal Comments
Exp Size: EUR300m
Use of Proceeds
To refinance existing debt and for general working capital purposes
Relative Value


COMPS

Security

Rating

Coupon

Amount Outstanding

Years to Maturity

i-Spread

ARCAD 4 7/8 02/28/28

NR/BBB-/NR

4.88%

500

1.8y

67

IPSFP 3 3/4 01/22/30

Baa3/BBB/NR

3.75%

400

3.7y

100

IMCDNA 3 5/8 04/30/30

Baa3/NR/BBB-

3.63%

500

4.0y

103

SPIEFP 3 3/4 05/28/30

NR/BB+/BBB-

3.75%

600

4.0y

106

SPIEFP 3 7/8 05/18/31

NR/BB+/BBB-

3.88%

600

5.0y

119

SIGCBL 4 04/07/31

Baa3/BBB-/NR

4.00%

500

4.9y

109