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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
CMARK
Credit Mutuel Arkea SA€500
1EMEA
Jun 1, 2026
currency
EUR
size (m)
500.000
maturity
Jun 9, 2037
type
Fixed Rate Reset
tenor
11.000
call
6.00
registration
Reg S Only
benchmark
Swaps
ranking
Subordinated
moody's
Baa1
s&p
-
fitch
A-
size description
Will Not Grow
re-open/tap
No
ipt
MS+170 area
ipt-pxd
-33
guidance
n/a - straight to launch
spread
137
coupon
4.251%
spread set
-
price
100.00000
yield
4.251%
book size (m)
3,000
peak book (m)
3,000
x-covered
6
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
3,000
peak book (m)
3,000
x-covered
6
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 3000; Redemption: 2032-06-09; Registration: Reg S Only; Comments: DBR 0% 02/15/2032 (85.635) +149.5bps, HR 109%. Tax Call: Yes. Clean-Up Call: 75%. Regulatory Call: Yes. LEI: 96950041VJ1QP0B69503;
Deal Comments
UPDATE: Spread Set at MS+137
Use of Proceeds
General Corporate Purposes
Relative Value

COMPS

Issuer

Ratings (M/S/F)

Issue dt.

Call Date

Amount (EUR m)

Years to Maturity

Years to Call

I-Spd (bp)

CMARK 4.81 05/15/35

Baa1/-/A-

15-May-24

15-May-30

500m

9

4

117

BFCM 3 3/4 05/14/36

Baa1/BBB+/A-

14-Nov-25

14-May-31

750m

10

5

117

BKIR 4 01/12/38

Baa1/-/BBB

12-Jan-26

12-Oct-32

500m

11.6

6.4

125

NYKRE 4 01/21/38

-/BBB/A-

21-Jan-26

21-Jan-33

500m

11.6

6.7

131

CCBGBB 4 04/29/38

Baa1/BBB/-

29-Jan-26

29-Jan-33

500m

11.9

6.7

127