Bupa Finance PLC (BUPFIN)

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Bupa Finance PLC (BUPFIN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	BUPFIN	Bupa Finance PLC	£650		2	EMEA	Jun 18, 2020

Tranche #1Bupa Finance PLC

currency

GBP

size (m)

300.000

maturity

Jun 14, 2027

type

Fixed

tenor

7.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

fitch

BBB+

re-open/tap

ipt

G+185 a

ipt-pxd

guidance

G+175

spread

175

coupon

1.75%

spread set

price

99.69400

yield

1.797%

book size (m)

550

peak book (m)

x-covered

1.83

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

550

peak book (m)

x-covered

1.83

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Bupa Finance PLC

currency

GBP

size (m)

350.000

maturity

Jun 14, 2035

type

Fixed

tenor

15.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

fitch

BBB+

re-open/tap

ipt

G+400 a

ipt-pxd

guidance

G+375

spread

375

coupon

4.125%

spread set

price

99.38360

yield

4.181%

book size (m)

1,100

peak book (m)

x-covered

3.14

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,100

peak book (m)

x-covered

3.14

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

7 yr: Book size: 550; Registration: Reg S Only; Comments: GBP300m 7yr snr unsec. With 15yr Tier 2. A3/nr/BBB+. Barc/BNPP/HSBC(B&D)/StCh. IPTs UKT1.25% Jul 2027 +185 area, launch G+175, bk >550m. Gilt 156.057 mid, HR 88% . 3mPC, MWC G+30. FTT 2.30pm. LEI: ZIMCVQHUFZ8GVHENP290.; 15 yr: Book size: 1100; Registration: Reg S Only; Comments: GBP350 m15yr bullet Tier 2. With 7yr snr. Baa1//nr/BBB-. Barc/BNPP/HSBC(B&D)/StCh. IPTs UKT 4.5% Sep 2034 +400 area, launvh 350m @G+375, bk >1.1bn. Gilt 105.515 mid, HR 62% . MWC G+50. FTT 2.30pm. LEI: ZIMCVQHUFZ8GVHENP290.;

Guarantor(s)

The British United Provident Association Ltd

Use of Proceeds

General corporate purposes

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