Next Group PLC (NXTLN)

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Next Group PLC (NXTLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	NXTLN	Next Group PLC	£250		1	EMEA	Apr 17, 2019

Tranche #1Next Group PLC

currency

GBP

size (m)

250.000

maturity

Aug 25, 2025

type

Fixed

tenor

6.250

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

size description

re-open/tap

ipt

G+225-230

ipt-pxd

guidance

spread

205

coupon

3.00%

spread set

price

99.78400

yield

3.017%

book size (m)

1,700

peak book (m)

x-covered

6.8

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,700

peak book (m)

x-covered

6.8

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

6.25 yr: Book size: 1700; Registration: Reg S Only; Comments: GBP250m (50m retained) long 6yr (Aug 2025) snr unsec RegS. Baa2/BBB. Barc/HSBC/NatWest(B&D). IPTs Gilts+225/230, set G+205 vs 5% 3/25. Bk >1.7bn (TEOG, pre rec). UK r/ s Apr 15-16, Gilt @ 123.019 mid (123.003 bid) / HR 90% . FTT. Tax Call: No. PP: No. XD: No;

Guarantor(s)

NEXT Plc

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