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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
KRSKOE
Kreissparkasse Koeln€250
1EMEA
May 21, 2026
currency
EUR
size (m)
250.000
maturity
May 30, 2033
type
Fixed
tenor
7.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Covered Bond
moody's
Aaa
s&p
-
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
-
ipt-pxd
-6
guidance
MS+30 area
spread
24
coupon
3.125%
spread set
-
price
99.23400
yield
3.249%
book size (m)
720
peak book (m)
830
x-covered
2.88
book attrition
-13.25%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
720
peak book (m)
830
x-covered
2.88
book attrition
-13.25%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 720; Registration: Reg S Only; Comments: 33,7bps vs DBR 2.3 02/15/33 TWIN (DE000BU2Z007) @ 96.30% (HR 105%). LEI: 529900RTSGHDD7OOSO86;
Deal Comments
UPDATE: Spread Set at MS+24
Collateral
Mortgage
Relative Value

COMPS

Ticker

Size

Rating (M/S/F)

Coupon

Issued

Maturity

Yrs to Mty

I-MID

LBBW

1,000mn

Aaa/-/-

3125%

May-26

May-32

6.0Y

18

MUNHYP

500mn

Aaa/-/-

2.75%

Feb-26

Feb-33

6.7Y

17

HASPA

500mn

Aaa/-/-

2.88%

Feb-26

Feb-33

6.7Y

19

CMZB

1,000mn

Aaa/-/-

3.13%

Apr-26

Jan-33

6.7Y

23

SPKKB

250mn

Aaa/-/-

2.88%

Feb-26

Feb-33

6.7Y

23