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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
INDS
PRCD
GATAIR
Gatwick Funding Ltd£300
1EMEA
Jun 27, 2019
currency
GBP
size (m)
300.000
maturity
Jul 5, 2049
type
Fixed
tenor
30.000
call
-
registration
Reg S Only
benchmark
G
ranking
Sr. Secured
moody's
Baa1
s&p
BBB+
fitch
BBB+
size description
-
re-open/tap
No
ipt
G+165-170
ipt-pxd
-
guidance
G+150-155
spread
150
coupon
2.875%
spread set
-
price
98.03700
yield
2.953%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
30 yr: Registration: Reg S Only; Comments: GBP300m no-grow 30yr snr sec Class A (2019 scheduled, 2051 final) Baa1/BBB+/BBB+. CA-CIB/JPM/NatWest(B&D)/Santan. IPTs UKT 4.25% Dec 2049 +165/+170, guidance G+150/155 WPIR, set G+150 on bk >730m pre rec (peaked >930m), Gilt 168.60 mid, 168.50 bid, MWC Gilts flat. FTT 3pm. Tax Call: No. PP: No. XD: No;

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