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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
REAL
PRCD
GFCFP
Gecina SA€500
1EMEA
May 27, 2026
currency
EUR
size (m)
500.000
maturity
Jun 3, 2031
type
Fixed
tenor
5.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A3
s&p
A-
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
MS+100 area
ipt-pxd
-32
guidance
n/a - straight to launch
spread
68
coupon
3.25%
spread set
-
price
98.91600
yield
3.49%
book size (m)
1,100
peak book (m)
1,700
x-covered
2.2
book attrition
-35.29%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,100
peak book (m)
1,700
x-covered
2.2
book attrition
-35.29%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1100; Registration: Reg S Only; Comments: +80.6bps vs OBL 2.5 04/16/31 (@ 99.15) / HR: 100%. Par Call: 3m. MWC: Yes. CoC: Yes. Clean-Up Call: 75%. LEI: 9695003E4MMA10IBTR26;
Deal Comments
UPDATE: Spread Set at MS+68
Use of Proceeds
Green Bond; finance/refi eligible green assets per Green Bond Framework (Apr-21)
Relative Value

COMPS

Bond

Rating

Term (yrs)

MS+

GFCFP 1.625 3/14/2030

A3/A-/Nr

3.8

63

GFCFP 2.00 6/30/2032

A3/A-/Nr

6.1

72

GFCFP 0.875 1/25/2033

A3/A-/Nr

6.7

86

GFCFP 1.625 5/29/2034

A3/A-/Nr

8

94

GFCFP 3.375 8/4/2035

A3/A-/Nr

9.2

90

GFCFP 0.875 6/30/2036

A3/A-/Nr

10.1

100

 

 

 

 

LIFP 0.875 2/17/2031

Nr/A-/A

4.7

71

LIFP 3.875 9/23/2033

Nr/A-/A

7.3

88

LIFP 3.75 9/30/2037

Nr/A-/A

11.4

98