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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
UTIL
PRCD
HERIM
Hera SpA€500
1EMEA
May 26, 2026
currency
EUR
size (m)
500.000
maturity
Jun 4, 2032
type
Fixed
tenor
6.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa1
s&p
BBB+
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
MS+110 area
ipt-pxd
-38
guidance
MS+80 area
spread
72
coupon
3.50%
spread set
-
price
99.60700
yield
3.574%
book size (m)
2,100
peak book (m)
3,600
x-covered
4.2
book attrition
-41.67%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,100
peak book (m)
3,600
x-covered
4.2
book attrition
-41.67%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 2100; Registration: Reg S Only; Comments: DBR 0% 02/2032 2.726% @ 85.740 (HR 111%). MWC: B+15. Clean-Up Call: 80%. LEI: 8156009414FD99443B48;
Use of Proceeds
Environmentally sustainable activities per EU Taxonomy (Regulation EU 2020/852)
Relative Value

СОМPS

Issuer

Rating (S/M/F)

Coupon

Size

Maturity

Tenor

I-Spd

Format

Hera Spa

BBB+/Baa1/NR

0.25%

€500mm

Dec-30

4.6yr

MS+55bp

-

Hera Spa

BBB+/Baa1/NR

3.25%

€500mm

Jul-31

5.3yr

MS+62bp

Green 

Hera Spa

BBB+/Baa1/NR

4.25%

€600mm

Apr-33

7.0yr

MS+84bp

SLB

Hera Spa

BBB+/Baa1/NR

1.00%

€500mm

Apr-34

8.0yr

MS+86bp

SLB