Commerzbank AG (CBK) 2022-9

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
GBP350.00010.25Feb-33-Baa3BB+-FixedB9.00% a-525.18.63%10100.00000
Tranche Comments
10.25 yr: Book size: 2300; Redemption: 2028-02-28; Registration: Reg S Only; Comments: GBP350m bmk 10.25NC5.25 Tier 2 RegS. Baa3/BB+. Barc/CMZ(B&D, DM)/GS/HSBC. IPTs 9% area (~G+560a vs 0.125% 1/28), launch GBP350m at 8.625% coupon (c. G+520). Final books 2.3bn+. UKT 0.125% 01/28 +525.1 @85.362 mid, 85.30 bid, HR: 94%, FTT 3.30pm. Reset Date: 2028-02-28. Par Call: 3m;
Deal Comments
Tier 2