IGC European Market: Deal Flow - GeneralIGC European Market: Deal Flow - SSA
Issuer
Term
Maturity
Size
Ranking
Type
Guidance
Dexia
5yr
07-May-31
bmk
Sr Unsec
Fixed
MS+38a
Guidance: 5yr: MS+38a
Issuer: Dexia (LEI:F4G136OIPBYND1F41110)
Guarantor: The Notes benefit from an unconditional and irrevocable first demand guarantee from the States of Belgium (53%) and France (47%)
Risk Weighting: 0% (Guaranteed by National Bank of Belgium and ACPR)
LCR Treatment: HQLA Level 1 under the EC LCR delegated act
Exp Ratings: A1/A+/A+ (Moody's/S&P/Fitch)
Format: Senior Unsecured, RegS Bearer, TEFRA D
Size: € Benchmark
Settlement: 07-May-26 (T+6)
Maturity: 07-May-31 (5-year)
Coupon: Fixed, Annual, ACT/ACT ICMA
Guidance: MS+38 bps area
Denoms: €100k + €100k
Target Market: Manufacturer target market (MIFID II / UK MIFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in the EEA and in the UK
Law: English Law (Guarantee governed by the laws of Belgium)
Fees: The joint bookrunners will be paid a fee in connection to the transaction (MiFID II)
Docs: Issuer’s Programme for the issuance of Guaranteed Euro Medium Term Notes and its supplements (last dated 09-Jul-25 and supplemented 19-Dec-25)
JLMs: Barclays, Citi, Credit Agricole CIB, NatWest, and Santander
Timing: Books open, today's business
Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The prospectus relating to the securities is available on the Luxembourg Stock Exchange – https://www.luxse.com/