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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
UTIL
PRCD
CDTFIN
Cadent Finance PLC€650
1EMEA
Jun 30, 2026
currency
EUR
size (m)
650.000
maturity
Jul 7, 2036
type
Fixed
tenor
10.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa1
s&p
BBB
fitch
A-
size description
-
re-open/tap
No
ipt
MS+150 area
ipt-pxd
-30
guidance
MS+125 area
spread
120
coupon
4.00%
spread set
-
price
99.15300
yield
4.105%
book size (m)
1,950
peak book (m)
2,100
x-covered
3
book attrition
-7.14%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,950
peak book (m)
2,100
x-covered
3
book attrition
-7.14%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1950; Registration: Reg S Only; Comments: DBR 2.900% 02/15/36 (DE000BU2Z064) Bid (100.381) + 125.3bps / HR 96%. MWC: B+20. Tax Call: Yes. LEI: 5493005M8TJ0J6IMUF67;
Deal Comments
Exp. Size: EUR500m. The deal was upsized from EUR500m to EUR650m
Guarantor(s)
Cadent Gas Ltd
Use of Proceeds
An amount equal to the net proceeds from the issue of the Green Finance Instruments will be allocated to financing and/or refinancing, in whole and in part, new and/or existing projects contributing substantially to climate change mitigation within an Eligible Category