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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
SSA
PRCD
EIBKOR
Export-Import Bank of Korea (KEXIM)£500
1APAC
Jun 1, 2026
currency
GBP
size (m)
500.000
maturity
Oct 22, 2029
type
Fixed
tenor
3.250
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Aa2
s&p
AA
fitch
AA-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-5
guidance
SONIA MS+53 area; RVSD: SONIA MS+50 area
spread
48
coupon
4.50%
spread set
-
price
99.77800
yield
4.58%
book size (m)
1,100
peak book (m)
1,100
x-covered
2.2
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
book size (m)
1,100
peak book (m)
1,100
x-covered
2.2
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
Tranche Comments
Book size: 1100; First Pay: 2026-10-22; Registration: Reg S Only; Comments: UKT 0 ⅞ 10/22/29 + 33.10 bps (mid @ 89.607 / HR 106%);
Deal Comments
UPDATE: Spread is set at SONIA MS+48 bps
Relative Value

COMPS

Ccy

Ticker

Coupon

Maturity

Bid Z

GBP

EIBKOR

4.63%

Jul-27

41

GBP

EIBKOR

4.13%

Oct-28

45

GBP

KFW

3.88%

Oct-29

28

USD

EIBKOR

3.75%

Jan-29

32

USD

EIBKOR

3.88%

Jan-31

46

USD

EIB

3.75%

May-29

20

USD

KFW

3.50%

May-29

20