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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
JUSTLN
Just Group PLC£250
1EMEA
Jun 9, 2026
currency
GBP
size (m)
250.000
maturity
Sep 30, 2037
type
Fixed Rate Reset
tenor
11.250
call
6.25
registration
Reg S Only
benchmark
G
ranking
Tier 2
moody's
-
s&p
-
fitch
BBB
size description
Will Not Grow
re-open/tap
No
ipt
G+220-225
ipt-pxd
-17.5
guidance
n/a - straight to launch
spread
205
coupon
6.50%
spread set
-
price
99.62400
yield
6.565%
book size (m)
675
peak book (m)
800
x-covered
2.7
book attrition
-15.63%
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
coordinating managers
book size (m)
675
peak book (m)
800
x-covered
2.7
book attrition
-15.63%
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
coordinating managers
Tranche Comments
Book size: 675; First Pay: 2027-03-30; Redemption: 2032-06-30; Registration: Reg S Only; Comments: UKT 4 ¼ 06/07/32 (HR: 98%) @98.614 (BID). Tax Call: Yes. Clean-Up Call: 75%. Regulatory Call: Yes. LEI: 5493006456YEZEELRR90;
Use of Proceeds
General corporate purposes, including, without limitation, to repurchase existing notes validly tendered pursuant to the Tender Offer
Relative Value

COMPS

Ticker

Coupon

Maturity

Call Date

M/S/F

Size (£m)

UKT+ Spread

JUSTLN

6.88%

Mar-35

Sep-34

-/-/BBB

400

UKT+191

ROTHLF

7.02%

Dec-34

Jun-34

Baa1/-/BBB+

500

UKT+145

PICORP

6.88%

Nov-34

May-34

-/-/BBB+

500

UKT+170