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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
UTIL
PRCD
CDTFIN
Cadent Finance PLC£300
1EMEA
Mar 14, 2018
currency
GBP
size (m)
300.000
maturity
Mar 21, 2040
type
Fixed
tenor
22.000
call
-
registration
Reg S Only
benchmark
G
ranking
Sr. Unsecured
moody's
Baa1
s&p
BBB+
fitch
BBB+
size description
-
re-open/tap
No
ipt
G+145 a
ipt-pxd
-
guidance
G+135
spread
135
coupon
3.125%
spread set
-
price
98.73100
yield
-
book size (m)
600
peak book (m)
-
x-covered
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
2
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
22 yr: Book size: 600; Registration: Reg S Only; Comments: GBP300m (upsized from GBP250m) bmk 22yr. Had UK r/s. Baa1/BBB+/BBB+. GCs BNPP/MUFG/NatWest(B&D) +Miz(a). Old National Grid gas Finance plc.IPTs G+145 area, set G+135 vs Gilt 4q40 on bks >600m pre rec;

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