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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
VANQLN
Vanquis Banking Group PLC (fka Provident Financial Group PLC)£100
1EMEA
May 14, 2026
currency
GBP
size (m)
100.000
maturity
Nov 21, 2037
type
Fixed Rate Reset
tenor
11.500
call
6.50
registration
Reg S Only
benchmark
-
ranking
Subordinated
moody's
-
s&p
-
fitch
-
size description
-
re-open/tap
No
ipt
8.625%-8.75%
ipt-pxd
-43.75
guidance
n/a - straight to launch
spread
-
coupon
8.25%
spread set
-
price
100.00000
yield
8.25%
book size (m)
390
peak book (m)
-
x-covered
3.9
book attrition
-
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
390
peak book (m)
-
x-covered
3.9
book attrition
-
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 390; First Pay: 2026-11-21; Redemption: 2032-08-21; Registration: Reg S Only; Comments: Clean-up Call: 75%. Tax Call: Yes. Regulatory Call: Yes;
Use of Proceeds
General corporate purposes, including the financing of the repurchase of certain of the Issuer’s outstanding £200,000,000 Fixed Rate Reset Subordinated Tier 2 Notes due 2032 (ISIN: XS2397348801)

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