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Commentary & Deal Flow

ALLOCATIONS OUT: SIG Combibloc PurchaseCo €500m 5yr Sr Unsec; MS+135bp

IGC European Market: Deal Flow - General
  • Issuer

    Term

    Maturity

    Size

    Ranking

    Type

    IPT

    Spread Set

    ISIN

    SIG Combibloc PurchaseCo S.à r.l.

    5yr

    07-Apr-31

    €500m

    Sr Unsec

    Fixed

    MS+165a

    MS+135

    XS3314905046

  • Launched: 5yr: €500m @ MS+135bp - Books above €1.85bn (pre-rec
  • IPTs: 5yr: MS+165a
    • Issuer: SIG Combibloc PurchaseCo S.à r.l. (Ticker: SIGCBL; Country: LUX)
    • Issuer LEI: 549300Q95MWZB4BXB866
    • Guarantor: SIG Group AG (Ticker: SIGN SW; Country: CH)
    • Guarantor LEI: 5493004Z6P7TSVB1L042
    • Guarantor Ratings: Baa3/BBB- (Moody's/S&P)
    • Expected Issue Ratings: Baa3/BBB- (Moody's/S&P)
    • Format: Reg S Bearer
    • Ranking: Senior, unsecured
    • Settle: 07-Apr-26
    • Maturity Date: 07-Apr-31
    • Size: €500m
    • Par Call: 1m
    • Coupon: Fixed, Annual, Act/Act ICMA, following business day convention unadjusted
    • Benchmark: DBR 0% 15-Feb-31 (HR: 106%)
    • Hedge Deadline: 14:25 UKT / 15:25 CET
    • ISIN: XS3314905046
    • Joint Bookrunners: BNP Paribas (B&D), BofA Securities, DZ BANK AG, HSBC, Rabobank
    • Docs: Preliminary stand-alone prospectus dated 26-Mar-26 / €100k+1k / Swiss Law / Tax Call, Make-Whole Call, Change of Control, Clean-up Call (80%)
    • Listing: SIX Swiss Exchange
    • Use of Proceeds: General corporate purposes and the refinancing of existing indebtedness
    • Selling Restrictions: Reg S Cat 2, EEA, UK, Singapore, Canada – please refer to the Prospectus for a detailed overview. TEFRA D.
    • Books Subject: At 12.15 UKT / 13.15 CET