Relx Finance BV (RELLN)

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Relx Finance BV (RELLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	TECH	PRCD	RELLN	Relx Finance BV	€1,000		2	EMEA	Sep 21, 2026

Tranche #1Relx Finance BV

currency

EUR

size (m)

500.000

maturity

Mar 21, 2031

type

Fixed

tenor

4.500

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

A-

re-open/tap

ipt

MS+90-95

ipt-pxd

-29.5

guidance

MS+65 area

spread

coupon

4.00%

spread set

price

99.65400

yield

4.091%

book size (m)

1,300

peak book (m)

1,500

x-covered

2.6

book attrition

-0.13%

nic

billing & delivering

active leads

,,,,

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,300

peak book (m)

1,500

x-covered

2.6

book attrition

-0.13%

nic

billing & delivering

active leads

,,,,

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Relx Finance BV

currency

EUR

size (m)

500.000

maturity

Mar 21, 2036

type

Fixed

tenor

9.500

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

A-

re-open/tap

ipt

MS+145-150

ipt-pxd

-37.5

guidance

MS+115 area

spread

110

coupon

4.50%

spread set

price

99.41300

yield

4.581%

book size (m)

2,100

peak book (m)

2,500

x-covered

4.2

book attrition

-0.16%

nic

billing & delivering

active leads

,,,,

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,100

peak book (m)

2,500

x-covered

4.2

book attrition

-0.16%

nic

billing & delivering

active leads

,,,,

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

Book size: 1300; First Pay: 2027-03-21; Registration: Reg S Only; Comments: DBR 0% 02/31 @ 86.92 / 3.239% / B+85.2bps (HR: 108%). Tax Call: Yes. MWC: B+15. CoC: Yes. Clean-Up Call: 75%. LEI: 54930086P8MBY4IN4E29; Book size: 2100; First Pay: 2027-03-21; Registration: Reg S Only; Comments: DBR 2.9 02/36 @ 95.78 / 3.431% / B+115.0bps (HR: 97%). Tax Call: Yes. MWC: B+20. CoC: Yes. Clean-Up Call: 75%. LEI: 54930086P8MBY4IN4E29;

Guarantor(s)

RELX PLC

Use of Proceeds

General Corporate Purposes

Relative Value

4.5yr (Mar 2031) @ MS+90-95
Implied Spread for fresh 4.5yr @ MS+60
Priced at MS+63
NIC of +3

9.5yr (Mar 2036) @ MS+145-150
Implied Spread for fresh 9.5yr @ MS+110
Priced at MS+110
NIC of 0

COMPS
Bond / Identifier	Ratings (M/S/F)	Issue Date	Amt. Out (€)	Maturity	Tenor	I-Spread (bps)
RELLN 3.250% 05/29	A3 / A- / A-	Jun-26(re-tap/settle)	€750mm	May-29	2.7yr	ms +34 bps
RELLN 3.750% 06/31	A3 / A- / A-	Jun-23	€750mm	Jun-31	4.7yr	ms +53 bps
RELLN 0.875% 03/32	A3 / A- / A-	Mar-20	€500mm	Mar-32	5.5yr	ms +74 bps
RELLN 3.375% 03/33	A3 / A- / A-	Mar-24	€850mm	Mar-33	6.5yr	ms +79 bps
RELLN 3.750% 06/34	A3 / A- / A-	Jun-26(re-tap/settle)	€750mm	Jun-34	7.7yr	ms +93 bps

Hide Details

CreditFlow: End of Day (Europe IG)	Sep 21, 2026

Sep 21, 2026

1 to 1 of 1

	PRICED: RELX Finance B.V. €1bn 4.5yr & 9.5yr Sr Unsec; MS+63bp & MS+110bp	Sep 21, 2026
	ALLOCATIONS OUT: RELX Finance B.V. €1bn 4.5yr & 9.5yr Sr Unsec; MS+63 & MS+110	Sep 21, 2026
	LAUNCHED: RELX Finance B.V. €1bn 4.5yr & 9.5yr Sr Unsec; MS+63bp & MS+110bp	Sep 21, 2026
	GUIDANCE: RELX Finance B.V. €1bn exp. 4.5yr & 9.5yr Sr Unsec; MS+65a & MS+115a	Sep 21, 2026
	NEW ISSUE: RELX Finance B.V. €1bn exp. 4.5yr & 9.5yr Sr Unsec; MS+90/95bp & MS+145/150bp	Sep 21, 2026