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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
INDS
PRCD
BAZFIN
Bazalgette Finance PLC£250
1EMEA
Oct 1, 2026
currency
GBP
size (m)
250.000
maturity
Oct 8, 2036
type
Fixed
tenor
10.000
call
-
registration
Reg S Only
benchmark
G
ranking
Sr. Secured
moody's
Baa1
s&p
-
fitch
BBB+
size description
Will Not Grow
re-open/tap
No
ipt
G+135 area
ipt-pxd
-15
guidance
STL
spread
120
coupon
6.625%
spread set
-
price
99.39500
yield
6.71%
book size (m)
875
peak book (m)
875
x-covered
3.5
book attrition
0.00%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
book size (m)
875
peak book (m)
875
x-covered
3.5
book attrition
0.00%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
Tranche Comments
Book size: 875; Registration: Reg S Only; Comments: UKT 4.875% due 2036 @ 96.019 mid | 95.984 bid | HR 99%. MWC: G+20. LEI: 213800ZGSE4AQTG77U19;
Guarantor(s)
Bazalgette Tunnel Ltd, Bazalgette Holdings Ltd
Use of Proceeds
In line with the Issuer’s Sustainable Finance Framework 2025, which is aligned to the ICMA Green Bond Principles and ICMA Practitioner’s Guide “Bonds to Finance the Sustainable Blue Economy”