Manchester Airport Group Funding PLC (MAGAIR)

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Manchester Airport Group Funding PLC (MAGAIR)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	INDS	PRCD	MAGAIR	Manchester Airport Group Funding PLC	£350		1	EMEA	May 1, 2019

Tranche #1Manchester Airport Group Funding PLC

currency

GBP

size (m)

350.000

maturity

Sep 30, 2044

type

Fixed

tenor

25.000

call

registration

Reg S Only

benchmark

ranking

Sr. Secured

moody's

Baa1

s&p

fitch

BBB+

size description

re-open/tap

ipt

G+145-150

ipt-pxd

guidance

G+130-135

spread

128

coupon

2.875%

spread set

price

98.29900

yield

2.971%

book size (m)

1,300

peak book (m)

x-covered

3.71

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,300

peak book (m)

x-covered

3.71

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

25 yr: Book size: 1300; Registration: Reg S Only; Comments: GBP350m Sep 2044 snr sec. Baa1/nr/BBB+. Actives HSBC(B&D)/NatWest. Passives Barc/BNPP/MUFG/NAB. IPTs UKT 3.25% Jan 2044 +145/+150. Guidance G+130/135. Launched 350m @G+128 on bk >1.3bn. FTT 3pm. Gilt Mid 131.40 / Bid 131.34. Tax Call: No. PP: No. XD: No;

Deal Comments

Active Bookrunners: HSB(B&D), NTW. Passive Bookrunners: BRC, BNP, MUF, NAB

Use of Proceeds

General corporate purposes

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Manchester Airport Group Funding PLC (MAGAIR)

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