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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
INDS
PRCD
ABESM
Abertis Infraestructuras SA€750
1EMEA
Jun 1, 2026
currency
EUR
size (m)
750.000
maturity
Mar 8, 2032
type
Fixed
tenor
5.750
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
BBB-
fitch
BBB
size description
-
re-open/tap
No
ipt
MS+125 area
ipt-pxd
-37
guidance
MS+90 area
spread
88
coupon
3.625%
spread set
-
price
99.33100
yield
3.759%
book size (m)
3,200
peak book (m)
3,650
x-covered
4.27
book attrition
-12.33%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
3,200
peak book (m)
3,650
x-covered
4.27
book attrition
-12.33%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 3200; Registration: Reg S Only; Comments: DBR 0% 02/2032 2.77% @ 85.570 (HR 106%). Par Call: 3m. MWC: Yes. CoC: Yes. Clean-Up Call: 75%. LEI: 549300GKFVWI02JQ5332;
Deal Comments
UPDATE: Spread Set at MS+88
Use of Proceeds
GCP including the repayment or refinancing of indebtedness of the Group
Relative Value

COMPS

Ticker

Coupon

Issue date

Maturity

YTM

Rating

bid I spread

Amount (€M)

ESG

ABESM

4.125

Feb-23

Aug-29

3.2

N.A./BBB-/BBB

61

600

SLB

ABESM

3.125

Jul-25

Jul-30

4.1

N.A./BBB-/BBB

71

600

 

ABESM

3

Mar-19

Mar-31

4.8

N.A./BBB-/BBB

68

1000

 

ABESM

1.875

Sep-19

Mar-32

5.8

N.A./BBB-/BBB

79

650

 

ATOSTR

4.75

Jan-23

Jan-31

4.6

Baa3/BBB/BBB

75

750

SLB

ATOSTR

4.25

Feb-24

Jun-32

6.1

Baa3/BBB/BBB

92

750

SLB

ATOSTR

4.625

Feb-24

Feb-36

9.7

Baa3/BBB/BBB

125

750

SLB

CLNXSM

3

Jan-26

Jan-31

4.6

N.A./BBB-/BBB-

75

750

 

CLNXSM

3.5

May-25

May-32

6

N.A./BBB-/BBB-

91

750

 

CLNXSM

3.875

Jan-26

Jan-36

9.6

N.A./BBB-/BBB-

120

750