PRS Finance PLC (PRSFN)

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PRS Finance PLC (PRSFN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	PRSFN	PRS Finance PLC	£132		2	EMEA	Sep 17, 2020

Tranche #1PRS Finance PLC

currency

GBP

size (m)

74.103

maturity

Jan 23, 2029

type

Fixed

tenor

8.250

call

registration

Reg S Only

benchmark

ranking

Sr. Secured

moody's

Aa2

s&p

fitch

size description

re-open/tap

ipt

G+68 a

ipt-pxd

guidance

spread

coupon

spread set

price

109.64700

yield

0.801%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2PRS Finance PLC

currency

GBP

size (m)

57.564

maturity

Aug 24, 2034

type

Fixed

tenor

15.000

call

registration

Reg S Only

benchmark

ranking

Sr. Secured

moody's

Aa2

s&p

fitch

size description

re-open/tap

ipt

G+70 a

ipt-pxd

guidance

spread

coupon

1.5%

spread set

price

105.50800

yield

1.073%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

8.25 yr: Registration: Reg S Only; Comments: GBP74.103m tap of 2% Jan 2029 snr secured, to 526.841m (42.875m retained). HSBC/NWM(B&D). UKT 0.875% 10/29+68 area. With 2034 tap. +AI. Came G+62 (Gilt @ 106.26 mid). ISINs: XS2234856776 funge w/ XS1916263897. LEI: 2138002JNX4ZKQI8OU17; 15 yr: First Pay: 2020-02-24; Registration: Reg S Only; Comments: GBP57.564m tap of 1.5% Aug 2034 snr secured, to 387.564m (63.263m retained). HSBC/NWM(B&D). UKT 4.5% Sep-2034 +70 area. With 2029 tap. +AI. Came G+62 Gilt @ 154.731 mid. ISINs: XS2234857238 funge w / XS2075778394. LEI: 2138002JNX4ZKQI8OU17;

Deal Comments

GBP74.103m tap of 2% due 1/23/2029.

Guarantor(s)

Secretary of State for Housing, Communities and Local Government

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PRS Finance PLC (PRSFN)

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