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Eurofima (EUROF) EUR500m Apr 26 1-pt

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Eurofima

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Eurofima

by Jp Albin

Apr 08, 2026 8:06 AM ET

PRICED: EUROFIMA €500m 20yr Green Sr Unsec; MS+67bp

IGC European Market: Deal Flow - GeneralIGC European Market: Deal Flow - SSA

Issuer	Term	Coupon	Maturity	Size	Ranking	Type	Price	Yield	Guidance	Spread	GDNC-PXD
EUROFIMA	20yr	3.75%	16-Apr-46	€500m	Sr Unsec	Green	98.773	3.839%	MS+70a	MS+67	-3

Reoffer: 20yr: MS+67bp / 98.773 / 3.839%
Benchmark: DBR 2.5 15-Aug-46 +45.6 bps (85.152), HR 102%

Books: Orderbook in excess of €2.1bn (excl JLM interest)

Launched: 20yr: €500m @ MS+67bp - Orderbook in excess of €2.1bn (excl JLM interest)
Guidance: 20yr: MS+70a

Issuer: EUROFIMA The European Company for Financing of Railroad Rolling Stock (EUROF)
LEI: 4S66HJ5RNB5ZWG9YW219
Credit Rating: Aa2/AA/AA (Moody's/S&P/Fitch)
ESG Rating: Sustainalytics 4.6 (negligible risk), ISS ESG B- (Prime), MSCI ESG rating AAA
LGX Issuer Status: 100% Climate-Aligned Issuer
Format: Reg S Bearer
Size: €500m
Coupon: 3.750%, Fixed, Annual, ACT/ACT, Long 1st coupon
Maturity: 16-Apr-46
Settlement: 15-Apr-26 (T+5)
Re-offer: PRICE 98.773 / MS+67bps / YIELD 3.839%
Benchmark: DBR 2.5 15-Aug-46 +45.6 bps (85.152), HR 102%
ISIN: XS3337381399
Common Code: 333738139
Governing Law: English Law
Listing: Luxembourg Green Exchange (LGX)
Denominations: 100k+1k
Target Market: The manufacturer target markets (MIFID II/UK MiFIR product governance) as assessed by the lead managers are eligible counterparties and professional (all distribution channels).
Docs: Issuer’s Debt Issuance Programme
Leads: ABN AMRO/Barclays/Credit Agricole CIB (B&D/DM)/DZ BANK/UBS
Timing: TOE: 12.45 UKT / FTT Immediately
UoP: The proceeds of the bonds will be utilised for lending to railways to invest in green passenger transport according to EUROFIMA’s Green Bond Framework, which has received a Second-Party Opinion from S&P
Link to investor presentation: https://www.eurofima.org/sites/default/assets/File/investor-relations/InvestorPresentation/Investor%20presentation%20September%202021/EUROFIMA%20-%20Invest%20in%20Sustainable%20Mobility%20-%20Feb%202026%20-%20Slide%20Deck.pdf
Link to Green Bond Framework: https://www.eurofima.org/sites/default/assets/File/investor-relations/green-bonds/250512-EUROFIMA-GreenBondFramework%202025.pdf
Link to Second Party Opinion: https://www.eurofima.org/sites/default/assets/File/investor-relations/green-bonds/EUROFIMA_Green%20UOP%20SPO%20Report_12MAY2025_Shades-Alignment.pdf