Cadent Finance PLC (CDTFIN)

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Cadent Finance PLC (CDTFIN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	CDTFIN	Cadent Finance PLC	€625		1	EMEA	Mar 12, 2021

Tranche #1Cadent Finance PLC

currency

EUR

size (m)

625.000

maturity

Mar 19, 2030

type

Fixed

tenor

9.000

call

registration

Reg S Only

benchmark

Swaps

ranking

moody's

Baa1

s&p

BBB+

fitch

A-

size description

re-open/tap

ipt

MS+85 a

ipt-pxd

guidance

MS+70-75

spread

coupon

0.625%

spread set

price

99.58200

yield

0.673%

book size (m)

1,000

peak book (m)

x-covered

1.6

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,000

peak book (m)

x-covered

1.6

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

9 yr: Book size: 1000; Registration: Reg S Only; Comments: EUR625m 9yr Transition bonds (SRI) RegS. Baa1/BBB+/A-. Barc/Lloyds/Santan/SMBC Nikko(B&D). IPTs MS+85 area, guidance MS+70/+75 WPIR, launch 625m at MS+70, bk ~1bn. MWC B+20, 3mPC. DBR 0 02/30 + 104.1bps (103.345) HR 94%. FTT 4pm. LEI: 5493005M8TJ0J6IMUF67;

Deal Comments

Transition Bonds / Green Bond

Guarantor(s)

Cadent Gas Ltd

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Cadent Finance PLC (CDTFIN)

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