Orbit Group Ltd

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	REAL	PRCD	-	Orbit Group Ltd	£450		1	EMEA	Jun 7, 2018

Tranche #1Orbit Group Ltd

currency

GBP

size (m)

450.000

maturity

Jun 14, 2048

type

Fixed

tenor

30.000

call

registration

Reg S Only

benchmark

ranking

Sr. Secured

moody's

s&p

fitch

size description

re-open/tap

ipt

G+165-170

ipt-pxd

guidance

spread

160

coupon

3.375%

spread set

price

98.42100

yield

3.46%

book size (m)

650

peak book (m)

x-covered

1.44

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

650

peak book (m)

x-covered

1.44

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

30 yr: Book size: 650; Registration: Reg S Only; Comments: GBP450m 30yr snr sec bmk. A2. Barc/HSBC/Lloyds/NatWest(B&D). Had UK r/s from June 4. IPTs Gilt 1.5% 2047+165/170. Launched 450m @ G+160, bks closed ~650m pre rec. MWC 15% of reoffer spread, G+25. Hedge 91.93% mid (1.860%) / 91.88% bid. FTT 4:05pm (Source: IFR);

Use of Proceeds

Repay indebtedness and general corporate purposes

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