Whitbread Group PLC (WTBLN)

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Whitbread Group PLC (WTBLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	WTBLN	Whitbread Group PLC	£525		2	EMEA	Feb 3, 2021

Tranche #1Whitbread Group PLC

currency

GBP

size (m)

275.000

maturity

May 31, 2027

type

Fixed

tenor

6.250

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

fitch

BBB-

size description

re-open/tap

ipt

G+270-280

ipt-pxd

guidance

G+230-245 a

spread

230

coupon

2.375%

spread set

price

99.51600

yield

2.442%

book size (m)

2,600

peak book (m)

x-covered

9.45

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

2,600

peak book (m)

x-covered

9.45

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche #2Whitbread Group PLC

currency

GBP

size (m)

250.000

maturity

May 31, 2031

type

Fixed

tenor

10.250

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

fitch

BBB-

size description

re-open/tap

ipt

G+300-310

ipt-pxd

guidance

G+260-275 a

spread

260

coupon

3.00%

spread set

price

99.32700

yield

3.052%

book size (m)

2,700

peak book (m)

x-covered

10.8

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

2,700

peak book (m)

x-covered

10.8

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

6.25 yr: Book size: 2600; Registration: Reg S Only; Comments: GBP275m long 6yr debut green bmk snr unsec (SRI) RegS. With long 10yr. NR/NR/BBB-. BoC/Barc/BNPP/Lloyds/NatWest(B&D)/Santan. IPTs G+270/+280 vs 1.25%/ 7/27. Guidance +245 area, revised G+230/+235 WPIR for 275m, launch G+230, bk >2.6bn pre rec@tight end, peak >2.75bn, MWC G+35, 3mPC. Gilt @ 107.127 HR 87%. FTT 8am Thurs. LEI: 2138006LIAYQKUCYBB20; 10.25 yr: Book size: 2700; Registration: Reg S Only; Comments: GBP250m long 10yr debut green bmk snr unsec (SRI) RegS. With long 6yr. NR/NR/BBB-. BoC/Barc/BNPP/Lloyds/NatWest(B&D)/Santan. IPTs G+300/+310 vs 0.25%/ 7/31. Guidance +275 area, revised G+260/+265 WPIR for 250m, launch G+260, bk >2.7bn pre rec @tight end, peak >2.8bn. MWC G+40, 3mPC. Gilt @97.928 mid HR 87%. FTT 8am Thurs. LEI: 2138006LIAYQKUCYBB20;

Deal Comments

Green Bond

Guarantor(s)

Whitbread PLC and Premier Inn Hotels Ltd

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