No results found for "".

Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
FRLBP
La Banque Postale SA€650
1EMEA
May 26, 2026
currency
EUR
size (m)
650.000
maturity
Jun 3, 2034
type
Fixed to Floating
tenor
8.000
call
7.00
registration
Reg S Only
benchmark
Swaps
ranking
Senior Non-Preferred
moody's
Baa2
s&p
BBB
fitch
A-
size description
-
re-open/tap
No
ipt
MS+135 area
ipt-pxd
-23
guidance
n/a - straight to launch
spread
112
coupon
4.00%
spread set
-
price
99.89800
yield
4.017%
book size (m)
1,275
peak book (m)
1,400
x-covered
1.96
book attrition
-8.93%
nic
1
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,275
peak book (m)
1,400
x-covered
1.96
book attrition
-8.93%
nic
1
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1275; Redemption: 2033-06-03; Registration: Reg S Only; Comments: 121.00bps over DBR 2.3 02/15/33 TWIN (@96.930%), HR 101%. Clean-Up Call: 75%. LEI: 96950066U5XAAIRCPA78;
Deal Comments
UPDATE: Spread Set at MS+112#
Use of Proceeds
General Corporate Purposes
Relative Value

Senior Non-Preferred

8NC7 (June 2034) @ MS+135 area

Implied Spread for fresh 8NC7 @ +111

Priced at MS +112

NIC of +1


COMPS

Issuer

Instrum. Rating

Coupon

Call Date

Maturity

Tenor

Size

Issue Date

Bid i-Spread

ESG

LBP

Baa2/BBB/A-

3500%

Dec-31

Dec-32

6.5NC5.5

500

Dec-25

89

 

BFCM

A3/A-/A+

3500%

Jul-32

Jul-33

7.2NC6.2

1,000

Jan-26

91

 

BFCM

A3/A-/A+

4125%

May-34

May-35

9NC8

1,250

May-26

105

 

BPCE SA

Baa1/BBB+/A

4125%

Mar-32

Mar-33

6.8NC5.8

1,250

Mar-24

95

 

BPCE SA

Baa1/BBB+/A

3625%

Oct-32

Oct-33

7.4NC6.4

1,000

Oct-25

98

Social

BPCE SA

Baa1/BBB+/A

4000%

Jan-33

Jan-34

7.7NC6.7

1,250

Jan-25

101