Clarion Funding PLC (CLARHG)

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Clarion Funding PLC (CLARHG)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	REAL	PRCD	CLARHG	Clarion Funding PLC	£350		1	EMEA	Jan 14, 2020

Tranche #1Clarion Funding PLC

currency

GBP

size (m)

350.000

maturity

Jan 22, 2035

type

Fixed

tenor

15.000

call

registration

Reg S Only

benchmark

ranking

Sr. Secured

moody's

s&p

fitch

size description

re-open/tap

ipt

G+115 a

ipt-pxd

guidance

G+100 a

spread

coupon

1.875%

spread set

price

99.85700

yield

1.886%

book size (m)

1,250

peak book (m)

x-covered

3.57

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,250

peak book (m)

x-covered

3.57

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

15 yr: Book size: 1250; Registration: Reg S Only; Comments: GBP350m bmk (from ~250m) 15yr snr sec RegS Sustainability bond. A3/A. Barc/Lloyds/NatWest(B&D). Gilt 4.5% 9/34+115 area, guidance G+100 (+/-2 wpir), set G+98 bks >1.25bn ex-JLM, MWC G+15. Gilt 34 @ 149.165 mid, 149.060 bid (75% HR);

Deal Comments

Green bond

Use of Proceeds

To be used exclusively for the development of new build energy efficient affordable homes in line with the sustainability framework

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Clarion Funding PLC (CLARHG)

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