Gatwick Funding Ltd (GATAIR)

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Gatwick Funding Ltd (GATAIR)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	INDS	PRCD	GATAIR	Gatwick Funding Ltd	£300		1	EMEA	Apr 8, 2021

Tranche #1Gatwick Funding Ltd

currency

GBP

size (m)

300.000

maturity

Apr 15, 2032

type

Variable

tenor

11.000

call

registration

Reg S Only

benchmark

ranking

Sr. Secured

moody's

Baa2

s&p

BBB

fitch

BBB+

size description

re-open/tap

ipt

G+210 a

ipt-pxd

guidance

G+190 a

spread

180

coupon

2.5%

spread set

price

99.18500

yield

2.586%

book size (m)

3,400

peak book (m)

x-covered

11.33

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

3,400

peak book (m)

x-covered

11.33

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

11 yr: Book size: 3400; Redemption: 2030-04-15; Registration: Reg S Only; Comments: GBP300m 11yr - 9yr WAL Fixed-to-Floater snr sec RegS. Baa2/BBB/BBB+. CA-CIB/Lloyds/NAB/NatWest(B&D)/Santan. IPTs G+210 area vs 0.375% 10/30, guidance G+190 area for 300m, set G+180, bk >3.4bn pre rec @guidance. Back end SONIA+400. MWC Gilts flat. Hedge gilt @ 96.233 mid, 96.188 bid (HR 89%) . FTT 4.10pm. LEI: 213800NK8FA3GKS6X167;

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