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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
LGEN
Legal & General Group PLC£500
1EMEA
Jun 30, 2026
currency
GBP
size (m)
500.000
maturity
-
type
Fixed Rate Reset
tenor
Perp
call
7.00
registration
Reg S Only
benchmark
-
ranking
Restricted Tier 1
moody's
Baa2
s&p
-
fitch
BBB+
size description
-
re-open/tap
No
ipt
7.625% area
ipt-pxd
-50
guidance
n/a - straight to launch
spread
-
coupon
7.125%
spread set
-
price
100.00000
yield
7.125%
book size (m)
2,200
peak book (m)
2,900
x-covered
4.4
book attrition
-24.14%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,200
peak book (m)
2,900
x-covered
4.4
book attrition
-24.14%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 2200; First Pay: 2027-01-07; Redemption: 2033-01-07; Registration: Reg S Only; Comments: UKT 0.875 07-Jul-33 @ 78.160 / 4.512%. Tax Call: Yes. Clean-Up Call: 75%. Regulatory Call: Yes. LEI: 213800JH9QQWHLO99821;
Use of Proceeds
General corporate purposes of the Group, including the refinancing of the Group’s existing securities which may include the purchase via a tender offer