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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
UTIL
PRCD
SSELN
SSE PLC€1,300
2EMEA
Jun 2, 2026
currency
EUR
size (m)
650.000
maturity
-
type
Fixed Rate Reset
tenor
Perp
call
5.25
registration
Reg S Only
benchmark
-
ranking
Subordinated
moody's
Baa3
s&p
BBB-
fitch
BBB
size description
-
re-open/tap
No
ipt
4.875%-5.00%
ipt-pxd
-56.25
guidance
n/a - straight to launch
spread
-
coupon
4.375%
spread set
-
price
99.97200
yield
4.375%
book size (m)
4,000
peak book (m)
4,800
x-covered
6.15
book attrition
-16.67%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
4,000
peak book (m)
4,800
x-covered
6.15
book attrition
-16.67%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
650.000
maturity
-
type
Fixed Rate Reset
tenor
Perp
call
8.00
registration
Reg S Only
benchmark
-
ranking
Subordinated
moody's
Baa3
s&p
BBB-
fitch
BBB
size description
-
re-open/tap
No
ipt
5.375%-5.50%
ipt-pxd
-63.75
guidance
n/a - straight to launch
spread
-
coupon
4.75%
spread set
-
price
99.67400
yield
4.80%
book size (m)
6,000
peak book (m)
6,000
x-covered
9.23
book attrition
0.00%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
6,000
peak book (m)
6,000
x-covered
9.23
book attrition
0.00%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 4000; First Pay: 2027-09-09; Redemption: 2031-06-09; Registration: Reg S Only; Comments: Tax Call: Yes. Par Call: 3m. CoC: 100%. Clean-Up Call: 75%. Regulatory Call: Yes. LEI: 549300KI75VYLLMSK856; Book size: 6000; First Pay: 2027-06-09; Redemption: 2034-03-09; Registration: Reg S Only; Comments: Tax Call: Yes. Par Call: 3m. CoC: 100%. Clean-Up Call: 75%. Regulatory Call: Yes. LEI: 549300KI75VYLLMSK856;
Use of Proceeds
General corporate purposes, including the refinancing of the Issuer’s existing 3.125% €500m Capital Securities (ISIN: XS2195190520)