Legal & General Group PLC (LGEN)

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Legal & General Group PLC (LGEN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	LGEN	Legal & General Group PLC	£500		1	EMEA	Apr 24, 2020

Tranche #1Legal & General Group PLC

currency

GBP

size (m)

500.000

maturity

Nov 1, 2050

type

Fixed

tenor

30.500

call

registration

Reg S Only

benchmark

ranking

Subordinated

moody's

s&p

BBB+

fitch

size description

re-open/tap

ipt

G+475 a

ipt-pxd

guidance

G+435 a

spread

425

coupon

4.5%

spread set

price

99.66100

yield

4.541%

book size (m)

4,750

peak book (m)

x-covered

9.5

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

4,750

peak book (m)

x-covered

9.5

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

30.5 yr: Book size: 4750; Redemption: 2030-11-01; Registration: Reg S Only; Comments: GBP500m 30.5NC10.5yr T2. A3/BBB+. BofA/Barc/HSBC/NatWest(B&D/DM), JLNBs MS/Nomura. IPTs G+475 area vs UKT4.75% 12/30, guidance G+435 area for 500m, launch G+425, bk >4.75bn (peaked >5bn), Gilt mid 146.559, bid 146.494, HR 63%;

Deal Comments

Tier 2

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