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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
UTIL
PRCD
NGGLN
National Grid Electricity Transmission PLC€500
1EMEA
Jan 13, 2020
currency
EUR
size (m)
500.000
maturity
Jan 20, 2025
type
Fixed
tenor
5.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A3
s&p
A-
fitch
A
size description
-
re-open/tap
No
ipt
MS+60-65
ipt-pxd
-
guidance
MS+35-40
spread
32
coupon
0.19%
spread set
-
price
100.00000
yield
0.19%
book size (m)
2,700
peak book (m)
-
x-covered
5.4
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,700
peak book (m)
-
x-covered
5.4
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
5 yr: Book size: 2700; Registration: Reg S Only; Comments: EUR500m 5yr fxd snr unsec Green RegS. IPTs MS+60/65, guidance MS+35/40, set MS+32, bk >2.7bn (peak ~3.6bn). A3/A-/A. BNPP(green struc)/ICBC/ING(B&D)/Miz. HR 101% vs. OBL 0 10/18/24+67.1 @102.32. Had Europe r/s from Jan 8. 3mPC, MWC B+10. FTT 3.45pm;
Deal Comments
Green bond

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