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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
CRLNCB
Crelan Home Loan SCF (fka AXA Bank Europe SCF SA)€500
1EMEA
Jun 3, 2026
currency
EUR
size (m)
500.000
maturity
Jun 12, 2034
type
Fixed
tenor
8.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Covered Bond
moody's
Aaa
s&p
-
fitch
-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-3
guidance
MS+43 area
spread
40
coupon
3.25%
spread set
-
price
99.17100
yield
3.37%
book size (m)
740
peak book (m)
800
x-covered
1.48
book attrition
-7.50%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
740
peak book (m)
800
x-covered
1.48
book attrition
-7.50%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 740; Registration: Reg S Only; Comments: DBR 2.2 02/15/34 (95.24) + 47.2bps | HR 104%. LEI: CVRWQDHDBEPUUVU2FD09;
Deal Comments
UPDATE: Spread Set at MS+40
Relative Value

COMPS

Issuer

Country

Maturity

Size (mn)

Cpn

M/S&P/F

Issued

Yrs

I-Sprd

KBC

BE

10.04.2031

750

3

Aaa / - / AAA

01.04.2026

4.9y

20.4

CCBGBB

BE

27.05.2032

750

3.25

- / AAA / AAA

20.05.2026

6y

22.5










ASNBNK

NE

13.04.2033

500

3.25

Aaa / - / AAA

31.03.2026

6.9y

26.3

SANTAN

PO

16.04.2033

750

3.125

Aaa / - / AAA

09.04.2026

6.9y

30.8

LLOYDS

EN

12.05.2033

500

3.25

Aaa / - / AAA

05.05.2026

6.9y

30.4

NNGRNV

NE

18.05.2033

500

3.125

- / AAA / -

11.05.2026

7y

23.4

CBAAU

AU

01.06.2033

1250

3.331

Aaa / - / AAA

21.05.2026

7y

31.2

EIKBOL

NO

24.04.2034

500

3.125

Aaa / - / -

17.03.2026

7.9y

28.9