Scottish Hydro Electric Transmission PLC (SSELN)

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Scottish Hydro Electric Transmission PLC (SSELN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	SSELN	Scottish Hydro Electric Transmission PLC	£500		2	EMEA	Mar 17, 2021

Tranche #1Scottish Hydro Electric Transmission PLC

currency

GBP

size (m)

250.000

maturity

Mar 24, 2028

type

Fixed

tenor

7.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB+

fitch

size description

re-open/tap

ipt

G+95 a

ipt-pxd

guidance

G+90 a

spread

coupon

1.50%

spread set

price

99.75700

yield

1.531%

book size (m)

310

peak book (m)

x-covered

1.24

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

310

peak book (m)

x-covered

1.24

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Scottish Hydro Electric Transmission PLC

currency

GBP

size (m)

250.000

maturity

Mar 24, 2036

type

Fixed

tenor

15.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB+

fitch

size description

re-open/tap

ipt

G+105-110

ipt-pxd

guidance

G+100-105

spread

100

coupon

2.125%

spread set

price

99.51000

yield

2.152%

book size (m)

310

peak book (m)

x-covered

1.24

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

310

peak book (m)

x-covered

1.24

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

7 yr: Book size: 310; Registration: Reg S Only; Comments: GBP250m 7yr snr unsec green (SRI) RegS. With 15yr. Baa1/BBB+. BBVA(struc)/Lloyds(B&D)/MUFG/Santan. IPTs G+95 area. vs 0.125% 1/28, guidance G+90 area for 250m, combined bks >625m (even), launch G+90. MWC G+15, 3mPC. FTT 4pm. Gilt @ 96.60% mid, 96.568 bid; 15 yr: Book size: 310; Registration: Reg S Only; Comments: GBP250m 15yr snr unsec green (SRI) RegS. With 7yr. Baa1/BBB+. BBVA(struc)/Lloyds(B&D)/MUFG/Santan. IPTs G+105/+110 vs 4.25% 7/36, guidance G+100/+105 for 250m, combined bks >625m (even), launch G+100. MWC G+15. 3mPC. Gilt @ 142.48% mid, 142.373 bid. FTT 4pm;

Deal Comments

Green Bond

Use of Proceeds

Refinancing

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