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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
SEB
Skandinaviska Enskilda Banken AB (SEB)$600
1EMEA
May 26, 2026
currency
USD
size (m)
600.000
maturity
-
type
Fixed Rate Reset
tenor
Perp
call
8.00
registration
Reg S Only
benchmark
-
ranking
Additional Tier 1
moody's
Baa2
s&p
-
fitch
BBB+
size description
Will Not Grow
re-open/tap
No
ipt
7.25%-7.375%
ipt-pxd
-56.25
guidance
n/a - straight to launch
spread
-
coupon
6.75%
spread set
-
price
100.00000
yield
6.864%
book size (m)
3,500
peak book (m)
3,800
x-covered
5.83
book attrition
-7.89%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
3,500
peak book (m)
3,800
x-covered
5.83
book attrition
-7.89%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 3500; Redemption: 2034-06-02; Registration: Reg S Only; Comments: LEI: F3JS33DEI6XQ4ZBPTN86;
Relative Value

COMPS

Ticker

Ccy

Issue Rtgs (M/S/F)

Size

Coupon

Tenor

First Call Date

Reset Date

Bid Price

YTC S/A

SEB

$

Baa2/NR/BBB+

$500m

6.75%

PerpNC31

Nov-31

Nov-31

102.5

6.20%

NDAFH

$

NR/BBB/BBB+

$850m

6.75%

PerpNC33

Nov-33

Nov-33

100.875

6.60%