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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
CBRELP
CBRE Europe Logistics Partners SCA SICAV-SIF€500
1EMEA
May 21, 2026
currency
EUR
size (m)
500.000
maturity
May 28, 2031
type
Fixed
tenor
5.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
-
fitch
A-
size description
-
re-open/tap
No
ipt
MS+140-145
ipt-pxd
-35.5
guidance
n/a - straight to launch
spread
107
coupon
3.875%
spread set
-
price
99.34200
yield
4.023%
book size (m)
2,200
peak book (m)
2,500
x-covered
4.4
book attrition
-12.00%
nic
-3
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,200
peak book (m)
2,500
x-covered
4.4
book attrition
-12.00%
nic
-3
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 2200; Registration: Reg S Only; Comments: 120.6bps vs OBL 2 ½ 04/16/31 #193 @98.55 / 2.817% (HR: 99%) (OBL ISIN: DE000BU25067). Par Call: 3m. MWC: B+20. CoC: 101%. Clean-Up Call: 75%. LEI: 529900ZG3L6Z4K64S041;
Use of Proceeds
Financing and/or refinancing, in whole, or in part, Eligible Green Portfolios
Relative Value

Green

5 year (May 2031) @ MS+140 to 145

Implied Spread for fresh 5 year @ +110

Priced at MS +107

NIC of -3


COMPS

CBRELP

-/-/A-

3.5

Sep-32

500m

6.3

116

SPSNSW

A3/-/-

3.125

Oct-31

500m

5.4

86

WDPBB

A3/-/-

3.125

Jan-31

500m

4.7

94

AXALEM

-/-/A-

3.375

May-31

500m

5

85

CBRPEC

-/BBB+/-

0.9

Oct-29

500m

3.4

73

CBRPEC

-/BBB+/-

4.75

Mar-34

750m

7.8

132

GOOEUR

Baa1/BBB+/-

3.625

Nov-31

300m

5.5

111

GMGAU

Baa1/BBB+/-

3.875

Apr-33

600m

6.9

110

SEGPLP

Baa2/-/BBB+

3.875

Apr-31

500m

4.9

95