Intercontinental Hotels Group PLC (IHG) (IHGLN)

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Intercontinental Hotels Group PLC (IHG) (IHGLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	IHGLN	Intercontinental Hotels Group PLC (IHG)	-		2	EMEA	Oct 1, 2020

Tranche #1Intercontinental Hotels Group PLC (IHG)

currency

EUR

size (m)

500.000

maturity

Oct 8, 2024

type

Fixed

tenor

4.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB-

fitch

size description

re-open/tap

ipt

MS+250 a

ipt-pxd

guidance

MS+230 a

spread

220

coupon

1.625%

spread set

price

99.56300

yield

1.739%

book size (m)

1,750

peak book (m)

x-covered

3.5

book attrition

nic

-5

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,750

peak book (m)

x-covered

3.5

book attrition

nic

-5

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Intercontinental Hotels Group PLC (IHG)

currency

GBP

size (m)

400.000

maturity

Oct 8, 2028

type

Fixed

tenor

8.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

BBB-

fitch

size description

re-open/tap

ipt

G+370 a

ipt-pxd

guidance

G+350 a

spread

340

coupon

3.375%

spread set

price

98.96600

yield

3.495%

book size (m)

1,600

peak book (m)

x-covered

book attrition

nic

-5

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,600

peak book (m)

x-covered

book attrition

nic

-5

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

4 yr: Book size: 1750; Registration: Reg S Only; Comments: EUR500m 4yr. With 8yr GBP. 125bp sub-IG step-up. BBB- S&P. Barc(B&D)/BofA/CMZ/WFS. IPTs MS+250 area, guidance MS+230 area, launch 500m at MS+220. Bk >1.75bn pre rec, OBL 0% Oct 2024s #180 +247.2bps , MWC B+40. 1mPC. LEI: 2138007ZFQYRUSLU3J98; 8 yr: Book size: 1600; Registration: Reg S Only; Comments: GBP400m 8yr bmk. With 4yr EUR. BBB-. 125bp sub-IG step-up. Barc(B&D)/BofA/CMZ/WFS. IPTs UKT 1.625% Oct 2028 +370 area, guidance G+350 area, launch 400m @G+340. Bk >1.6bn pre rec, Gilt @112.273 mid / 112.253 bid, HR 82%. MWC G+55, 3mPC. FTT 4.20pm. LEI: 2138007ZFQYRUSLU3J98;

Guarantor(s)

Six Continents Ltd and InterContinental Hotels Ltd

Use of Proceeds

General Corporate Purposes

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Intercontinental Hotels Group PLC (IHG) (IHGLN)

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