Standard Life PLC (fka Phoenix Group Holdings PLC) (SDLF)

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Standard Life PLC (fka Phoenix Group Holdings PLC) (SDLF)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	SDLF	Standard Life PLC (fka Phoenix Group Holdings PLC)	$500		1	EMEA	May 28, 2020

Tranche #1Standard Life PLC (fka Phoenix Group Holdings PLC)

currency

USD

size (m)

500.000

maturity

Sep 4, 2031

type

Floating

tenor

11.250

call

registration

Reg S Only

benchmark

YLD

ranking

moody's

s&p

fitch

BBB

size description

re-open/tap

ipt

5.375% a

ipt-pxd

guidance

4.75%

spread

427.6

coupon

4.75%

spread set

price

100.00000

yield

4.751%

book size (m)

5,500

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

5,500

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

11.25 yr: Book size: 5500; Redemption: 2026-09-04; Registration: Reg S Only; Comments: USD500m 11.25NC6.25yr Tier 2 RegS. BBB. Barc/Citi/HSBC/JPM(B&D). IPT 5.375% area, launch @ 4.75% coupon, bk ~5.5bn (peaked >6bn). FTT 7.30am Friday . MS+427.6;

Deal Comments

Tier 2

Use of Proceeds

Refinancing and General corporate purposes

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Standard Life PLC (fka Phoenix Group Holdings PLC) (SDLF)

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