Clarion Funding PLC (CLARHG)

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Clarion Funding PLC (CLARHG)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	REAL	PRCD	CLARHG	Clarion Funding PLC	£300		1	EMEA	Aug 31, 2021

Tranche #1Clarion Funding PLC

currency

GBP

size (m)

300.000

maturity

Sep 7, 2051

type

Fixed

tenor

30.000

call

registration

Reg S Only

benchmark

ranking

Sr. Secured

moody's

s&p

A-

fitch

size description

re-open/tap

ipt

G+115 a

ipt-pxd

guidance

G+95-100

spread

coupon

1.875%

spread set

price

97.58900

yield

1.982%

book size (m)

1,100

peak book (m)

x-covered

3.67

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,100

peak book (m)

x-covered

3.67

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

30 yr: Book size: 1100; Registration: Reg S Only; Comments: GBP300m 30yr snr sec RegS. A3/A-. Barc(B&D)/BNPP/Lloyds. IPTs G+115 area, guidance max 300m @ G+95/+100, launch 300m at G+93 vs 1.25% 7/51, bk ~1.1bn, peak >1.25bn, MWC G+15, Gilt @ 105.080 mid, 105.03 bid, HR 84%. FTT 3.55pm. LEI: 213800BLOAKXC1BXLJ29;

Deal Comments

Bearer Sustainability bond

Use of Proceeds

For the development of new build energy efficient affordable homes

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Clarion Funding PLC (CLARHG)

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