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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
DNBNO
DNB Bank ASA€750
1EMEA
May 21, 2026
currency
EUR
size (m)
750.000
maturity
May 28, 2032
type
Fixed to Floating
tenor
6.000
call
5.00
registration
Reg S Only
benchmark
Swaps
ranking
Senior Non-Preferred
moody's
A2
s&p
A
fitch
-
size description
-
re-open/tap
No
ipt
MS+95 area
ipt-pxd
-25
guidance
n/a - straight to launch
spread
70
coupon
3.625%
spread set
-
price
99.90600
yield
3.646%
book size (m)
1,250
peak book (m)
1,700
x-covered
1.67
book attrition
-26.47%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,250
peak book (m)
1,700
x-covered
1.67
book attrition
-26.47%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1250; First Pay: 2027-05-28; Redemption: 2031-05-28; Registration: Reg S Only; Comments: OBL 2 ½ 04/16/31 #193 (98.58 / B+83.5bps / HR: 100%). Tax Call: Yes. Clean-Up Call: 75%. Regulatory Call: Yes. LEI: 549300GKFG0RYRRQ1414;
Use of Proceeds
Finance/refinance Eligible Green Loans
Relative Value

COMPS

Ticker

Type

Instrum. Rating

Coupon

Maturity

Call Date

Size

Green

i-Spread

DNBNO

SP

Aa2/AA-/-

3.00%

Jan-32

Jan-31

€750mm

Y

44

DNBNO

SNP

A2/A/-

3.00%

Nov-30

Nov-29

€1,000mm

Y

51

DNBNO

SNP

A2/A/-

3.13%

May-31

May-30

€750mm

Y

59