Northern Powergrid (Northeast) PLC (BRKHEC)

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Northern Powergrid (Northeast) PLC (BRKHEC)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	INDS	PRCD	BRKHEC	Northern Powergrid (Northeast) PLC	£300		1	EMEA	Jun 9, 2020

Tranche #1Northern Powergrid (Northeast) PLC

currency

GBP

size (m)

300.000

maturity

Jun 16, 2062

type

Fixed

tenor

40.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

fitch

A-

size description

re-open/tap

ipt

G+150 a

ipt-pxd

guidance

G+135 a

spread

130

coupon

1.875%

spread set

price

98.79300

yield

1.908%

book size (m)

930,000

peak book (m)

x-covered

3100

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

930,000

peak book (m)

x-covered

3100

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

40 yr: Book size: 930000; Registration: Reg S Only; Comments: GBP300m (WNG) 40yr snr unsec, green RegS. A3/A/A-. NatWest(B&D)/Lloyds/Santander. IPTs G+150 area, guidance G+135 area, launch MS+130, bk >930m pre rec (peak >1bn), Gilt @219.278 mid, 219.028 bid, HR 50%. LEI: 21380072EMKFDZSTLD28.;

Deal Comments

Green bond.

Use of Proceeds

General corporate purposes

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Northern Powergrid (Northeast) PLC (BRKHEC)

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