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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
MARGRO
Marex Group PLC$500
1EMEA
Jun 2, 2026
currency
USD
size (m)
500.000
maturity
-
type
Fixed Rate Reset
tenor
Perp
call
6.00
registration
Reg S Only
benchmark
-
ranking
Subordinated
moody's
-
s&p
BB
fitch
BB
size description
-
re-open/tap
No
ipt
8.00% area
ipt-pxd
-30
guidance
n/a - straight to launch
spread
-
coupon
7.70%
spread set
-
price
100.00000
yield
7.70%
book size (m)
975
peak book (m)
1,200
x-covered
1.95
book attrition
-18.75%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
975
peak book (m)
1,200
x-covered
1.95
book attrition
-18.75%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 975; First Pay: 2026-12-09; Redemption: 2032-06-09; Registration: Reg S Only; Comments: Tax Call: Yes. Clean-Up Call: 75%. Regulatory Call: Yes. LEI: 549300DWX0SVICJAL507;
Use of Proceeds
General corporate purposes, which may include (without limitation) (i) the funding of the repurchase of any or all of the Issuer’s outstanding U.S.$100,000,000 13.250 per cent. Fixed Rate Reset Perpetual Subordinated Contingent Convertible Notes pursuant to the tender offer announced by the Issuer on 1 June 2026 and (ii) the funding of acquisitions.