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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
INGB
ING Belgium NV€750
1EMEA
Jun 2, 2026
currency
EUR
size (m)
750.000
maturity
Sep 9, 2031
type
Fixed
tenor
5.250
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Covered Bond
moody's
Aaa
s&p
-
fitch
AAA
size description
Will Not Grow
re-open/tap
No
ipt
-
ipt-pxd
-7
guidance
MS+28 area
spread
21
coupon
3.00%
spread set
-
price
99.94100
yield
3.014%
book size (m)
1,900
peak book (m)
2,200
x-covered
2.53
book attrition
-13.64%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,900
peak book (m)
2,200
x-covered
2.53
book attrition
-13.64%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1900; Registration: Reg S Only; Comments: OBL 2 ½ 31 #193 / B+34.70 / 99.23 /HR: 107%. LEI: JLS56RAMYQZECFUF2G44. Deal Stats: By Geography: NORDICS 45%, DACH 29%, BENELUX 15% FRA 5%, OTHER 4%, ASIA 2%. By Type: BANK/PB 51%, AM/FM 36%, CB/OI 12% OTHER 1%;
Relative Value

COMPS

Ticker

Cpn

Maturity

Yrs to Maturity

Mid I-Spread

Amount (m)

S&P/Moody’s/Fitch

Announce Date

INTNED

3.125

Apr-31

4.9

19

1,500

Aaa/AAA/AAA

Apr-26

CCBGBB

3.250

May-32

6.0

22

750

-/AAA/AAA

May-26

KBC

3.000

Apr-31

4.9

20

750

Aaa/-/AAA

Apr-26