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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
BPEIM
Bper Banca SpA€500
1EMEA
May 19, 2026
currency
EUR
size (m)
500.000
maturity
-
type
Fixed Rate Reset
tenor
Perp
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Additional Tier 1
moody's
Ba2
s&p
-
fitch
-
size description
-
re-open/tap
No
ipt
6.625% area
ipt-pxd
-42.5
guidance
n/a - straight to launch
spread
325.6
coupon
6.20%
spread set
-
price
100.00000
yield
6.202%
book size (m)
1,200
peak book (m)
2,000
x-covered
2.4
book attrition
-40.00%
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,200
peak book (m)
2,000
x-covered
2.4
book attrition
-40.00%
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1200; First Pay: 2026-09-26; Redemption: 2031-09-26; Registration: Reg S Only; Comments: Tax Call: Yes. Clean-Up Call: 75%. Regulatory Call: Yes. LEI: N747OI7JINV7RUUH6190;
Use of Proceeds
The net proceeds from the issue of the Notes will be applied by the Issuer for its general corporate purposes
Relative Value

COMPS

Instrument

Moody's

S&P

Fitch

DBRS

Coupon (%)

Issue Date

Call Date

Reset Date

Bid Price

YTC SA (%)

I-spread (bps)

Reset (bps)

BPEIM 5.875% NC31

Ba2

--

--

BB

5.875

19/11/2025

19/03/1931

19/03/1931

99.875

5.903

300

357

ISPIM 5.500% NC32

Ba2

BB

BB+

BBH

5.5

17/02/2026

17/02/1932

17/02/1932

97.5

6.019

309

303

UCGIM 5.625% NC33

Ba2

--

--

--

5.625

25/02/2025

03/12/1932

03/06/1933

98.75

5.857

290

330