6.25 yr: Book size: 100; Registration: Reg S Only; Comments: GBP50m sale of retained from 250m 3% Aug 2025 long 6yr from April snr unsec RegS. Baa2/BBB. NatWest(sole/B&D). IPTs Gilts+200 area vs 5% 3/25, guidance G+195/200 WPIR, set G+195 on bks ~100m. Gilt 125.984 HR88%. Tax Call: No. PP: No. XD: No;