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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
SYDBDC
AL Sydbank A/S (Arbejdernes Landsbank)€500
1EMEA
May 21, 2026
currency
EUR
size (m)
500.000
maturity
May 29, 2031
type
Fixed Rate Reset
tenor
5.000
call
4.00
registration
Reg S Only
benchmark
Swaps
ranking
Senior Non-Preferred
moody's
A3
s&p
-
fitch
-
size description
-
re-open/tap
No
ipt
MS+105 area
ipt-pxd
-25
guidance
n/a - straight to launch
spread
80
coupon
3.625%
spread set
-
price
99.65300
yield
3.72%
book size (m)
675
peak book (m)
1,000
x-covered
1.35
book attrition
-32.50%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
675
peak book (m)
1,000
x-covered
1.35
book attrition
-32.50%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 675; Redemption: 2030-05-29; Registration: Reg S Only; Comments: OBL 2.4 04/18/30 #191 +96.2 (Cash px 98.69, HR 101%). Tax Call: Yes. Regulatory Call: Yes. LEI: GP5DT10VX1QRQUKVBK64;
Deal Comments
UPDATE: Spread set at MS+80#
Use of Proceeds
Financing or refinancing of eligible green loans
Relative Value

COMPS

Ticker

Rating

CPN

Amt out

Mat

Call dt

I-sprd

SYDBDC

A3/-/-

3,000

500

12/29

12/28

63

SYDBDC

A3/-/-

3,625

500

03/30

03/29

70

DANBNK

A3/A-/A+

3,875

750

01/32

01/31

67

JYBC

-/BBB+/-

3,625

750

04/31

04/30

75

JYBC

-/BBB+/-

3,625

500

06/32

06/31

85

SRBANK

A3/-/-

3,750

500

04/32

04/31

83