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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
KVABNK
Kvika Banki HF€150
1EMEA
Jun 3, 2026
currency
EUR
size (m)
150.000
maturity
Jun 10, 2030
type
Fixed
tenor
4.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Senior Preferred
moody's
Baa2
s&p
-
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
MS+190 area
ipt-pxd
-25
guidance
n/a - straight to launch
spread
165
coupon
4.375%
spread set
-
price
99.58700
yield
4.49%
book size (m)
490
peak book (m)
500
x-covered
3.27
book attrition
-2.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
book size (m)
490
peak book (m)
500
x-covered
3.27
book attrition
-2.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
Tranche Comments
Book size: 490; First Pay: 2027-06-10; Registration: Reg S Only; Comments: OBL 2.4% 04/30 + 179.3 / 98.92 / HR 99%. Tax Call: Yes. Clean-Up Call: 75%. Regulatory Call: Yes. LEI: 254900WR3I1Z9NPC7D84;
Deal Comments
UPDATE: Spread Set at MS+165#
Use of Proceeds
General Corporate Purposes
Relative Value

COMPS

Ticker

Type

Instrum. Rating

Coupon

Maturity

Size

i-Spread

KVABNK

SP

Baa2/-/-

4.50%

Jun-29

€200mm

121

ARION

SP

A3/-/-

3.63%

Nov-29

€300mm

82

ARION

SP

A3/-/-

3.63%

May-30

€300mm

91

ISLBAN

SP

A3/-/-

3.88%

Sep-30

€300mm

90

LANBNN

SP

-/A-/-

3.75%

Oct-29

€300mm

76

LANBNN

SP

-/A-/-

3.50%

Jun-30

€300mm

98