APA Infrastructure Ltd (APAAU)

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APA Infrastructure Ltd (APAAU)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	ENGY	PRCD	APAAU	APA Infrastructure Ltd	-		3	APAC	Mar 9, 2021

Tranche #1APA Infrastructure Ltd

currency

EUR

size (m)

600.000

maturity

Mar 15, 2029

type

Fixed

tenor

8.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+100 area

ipt-pxd

-10

guidance

STL

spread

coupon

0.75%

spread set

price

99.65300

yield

0.795%

book size (m)

950

peak book (m)

x-covered

1.58

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

950

peak book (m)

x-covered

1.58

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2APA Infrastructure Ltd

currency

EUR

size (m)

500.000

maturity

Mar 15, 2033

type

Fixed

tenor

12.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+125 area

ipt-pxd

-10

guidance

STL

spread

115

coupon

1.25%

spread set

price

99.51400

yield

1.294%

book size (m)

600

peak book (m)

x-covered

1.2

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

600

peak book (m)

x-covered

1.2

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #3APA Infrastructure Ltd

currency

GBP

size (m)

250.000

maturity

Mar 15, 2036

type

Fixed

tenor

15.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

size description

re-open/tap

ipt

G+160-165

ipt-pxd

-12.5

guidance

STL

spread

150

coupon

2.50%

spread set

price

99.40700

yield

2.532%

book size (m)

320

peak book (m)

x-covered

1.28

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

320

peak book (m)

x-covered

1.28

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

Book size: 950; First Pay: 2022-03-15; Registration: Reg S Only; Comments: DBR 0.25% 02/15/29 +123.8. CoC: Yes. MWC: B+20. LEI: 261700SS8OEHDOCOUJ33; Book size: 600; First Pay: 2022-03-15; Registration: Reg S Only; Comments: DBR 0% 02/15/31 +159.6. CoC: Yes. MWC: B+25. LEI: 261700SS8OEHDOCOUJ33; Book size: 320; First Pay: 2022-03-15; Registration: Reg S Only; Comments: UKT 4.25% 03/07/36. CoC: Yes. MWC: G+25. LEI: 261700SS8OEHDOCOUJ33;

Use of Proceeds

GCP, refinance existing debt, USPP, 144A and EUR notes maturing in 2022

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