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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
BOVMV
Bank of Valletta PLC€300
1EMEA
May 20, 2026
currency
EUR
size (m)
300.000
maturity
May 28, 2032
type
Fixed Rate Reset
tenor
6.000
call
5.00
registration
Reg S Only
benchmark
Swaps
ranking
Senior Preferred
moody's
-
s&p
-
fitch
BBB
size description
Will Not Grow
re-open/tap
No
ipt
MS+175 area
ipt-pxd
-25
guidance
n/a - straight to launch
spread
150
coupon
4.467%
spread set
-
price
100.00000
yield
4.467%
book size (m)
775
peak book (m)
775
x-covered
2.58
book attrition
0.00%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
book size (m)
775
peak book (m)
775
x-covered
2.58
book attrition
0.00%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
Tranche Comments
Book size: 775; First Pay: 2027-05-28; Redemption: 2031-05-28; Registration: Reg S Only; Comments: 163.2bps vs OBL 2 ½ 31 #193 (98.470 / 2.835%) / HR 98%. Tax Call: Yes. Regulatory Call: Yes. LEI: 529900RWC8ZYB066JF16;
Use of Proceeds
General financing purposes of the Group
Relative Value

COMPS

Instrument

Rating

Rank

Country

Size

Issue Date

Call Date

Time to Call

I-spread

ALPHA 3.750 05/32-31

Baa2 / - / -

Senior

GREECE

€ 600

28 Apr 26

6 May 31

5.0

96

BANDES 3.250 01/31-30

- / BBB- / BBB-

Senior

ITALY

€ 300

7 Oct 25

24 Jan 30

3.7

82

BOCYCY 3.875 05/31-30

Baa3 / - / -

Senior

CYPRUS

€ 300

13 May 26

20 May 30

4.0

104

CAJAMA 3.500 06/31-30

- / BBB- / BBB

Senior

SPAIN

€ 500

3 Jun 25

13 Jun 30

4.1

92

MONTE 3.250 02/32-31

Baa3 / - / BBB-

Senior

ITALY

€ 500

13 Nov 25

20 Feb 31

4.8

71

TPEIR 3.375 12/31-30

Baa2 / - / -

Senior

GREECE

€ 500

25 Nov 25

2 Dec 30

4.5

89