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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
UBS
UBS AG (London Branch)€1,250
1EMEA
May 26, 2026
currency
EUR
size (m)
1,250.000
maturity
Aug 1, 2032
type
Fixed to Floating
tenor
6.000
call
5.00
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Aa3
s&p
A+
fitch
AA
size description
-
re-open/tap
No
ipt
MS+90 area
ipt-pxd
-30
guidance
Set at MS+60
spread
60
coupon
3.4224%
spread set
-
price
100.00000
yield
3.42%
book size (m)
4,200
peak book (m)
4,500
x-covered
3.36
book attrition
-6.67%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
4,200
peak book (m)
4,500
x-covered
3.36
book attrition
-6.67%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 4200; First Pay: 2027-08-01; Redemption: 2031-08-01; Registration: Reg S Only; Comments: OBL 2.5% 4/31s #193 + 72.5bps (99.10 Spot, 104% HR);
Relative Value

COMPS

Issue Date

Issuer

Coupon

Moody's

S&P

Fitch

Maturity

Currency

Amount

I-Spread Bid

31-Mar-21

UBS

0.50%

Aa2

A+

AA

31-Mar-31

EUR

1bn

39 bps

07-May-26

SEB

3.38%

Aa3

AA-

AA+

07-May-31

EUR

1bn

46 bps

29-Apr-26

NORDEA

3.25%

Aa2

AA-

AA

29-Apr-31

EUR

1bn

45 bps