Tesco Corporate Treasury Services PLC (TSCOLN)

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Tesco Corporate Treasury Services PLC (TSCOLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	CONS	PRCD	TSCOLN	Tesco Corporate Treasury Services PLC	£450		1	EMEA	Apr 20, 2020

Tranche #1Tesco Corporate Treasury Services PLC

currency

GBP

size (m)

450.000

maturity

Apr 27, 2030

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Baa3

s&p

BBB-

fitch

BBB-

size description

re-open/tap

ipt

G+295 a

ipt-pxd

guidance

G+245-250

spread

245

coupon

2.75%

spread set

price

99.59200

yield

2.778%

book size (m)

3,550

peak book (m)

x-covered

7.89

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

3,550

peak book (m)

x-covered

7.89

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

10 yr: Book size: 3550; Registration: Reg S Only; Comments: GBP450m bmk 10yr snr unsec RegS. Baa3/BBB-/BBB-. Citi(B&D)/CMZ/HSBC/NatWest. IPTs G+295 area, guidance G+260 area, final guidance G+245/+250 WPIR, set G+245 vs UKT4.75% 12/30. Bk 3.55bn (peaked >4.4bn), MWC, 3mPC. HR 67%, gilt 146.15 mid / 146.14 bid.;

Guarantor(s)

Tesco plc

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