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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
HLTH
PRCD
HALEON
GSK Consumer Healthcare Capital UK PLC£700
2USOA
Mar 22, 2022
currency
GBP
size (m)
300.000
maturity
Oct 29, 2028
type
Fixed
tenor
6.600
call
-
registration
Reg S Only
benchmark
G
ranking
Sr. Unsecured
moody's
Baa1
s&p
BBB
fitch
-
re-open/tap
No
ipt
G+165 a
ipt-pxd
-
guidance
G+150 a
spread
140
coupon
2.875%
spread set
-
price
99.74900
yield
2.886%
book size (m)
1,700
peak book (m)
-
x-covered
5.67
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,700
peak book (m)
-
x-covered
5.67
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
currency
GBP
size (m)
400.000
maturity
Mar 29, 2038
type
Fixed
tenor
16.000
call
-
registration
Reg S Only
benchmark
G
ranking
Sr. Unsecured
moody's
Baa1
s&p
BBB
fitch
-
re-open/tap
No
ipt
G+180 a
ipt-pxd
-
guidance
G+160 a
spread
150
coupon
3.375%
spread set
-
price
99.86300
yield
3.386%
book size (m)
2,250
peak book (m)
-
x-covered
5.63
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,250
peak book (m)
-
x-covered
5.63
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
6.6 yr: Book size: 1700; Registration: Reg S Only; Comments: GBP300m 2-prt bmk snr unsec RegS. Baa1/BBB/-. Barc(B&D)/BofA/GS/DB/MS. With 3-prt EUR. IPTs 6.6yr G+165 area, 16yr G+180 area. Guidance G+150a/G+160a for exp 300-400m each. Launch 300m G+140, 400m G+150, bks >1.7bn/>2.25bn, peak >1.8bn/>2.7bn. Gilts UKT 1.625 10/28| UKT 4.75 12/38 @ 101.00 (Mid) | 141.37 (Mid). HRs 95%/70%. FTT 7.30am Weds. LEI: 5493004B26DRJNN0OV17. CoC: 101%; 16 yr: Book size: 2250; Registration: Reg S Only; Comments: GBP400m 2-prt bmk snr unsec RegS. Baa1/BBB/-. Barc(B&D)/BofA/GS/DB/MS. With 3-prt EUR. IPTs 6.6yr G+165 area, 16yr G+180 area. Guidance G+150a/G+160a for exp 300-400m each. Launch 300m G+140, 400m G+150, bks >1.7bn/>2.25bn, peak >1.8bn/>2.7bn. Gilts UKT 1.625 10/28| UKT 4.75 12/38 @ 101.00 (Mid) | 141.37 (Mid). HRs 95%/70%. FTT 7.30am Weds. LEI: 5493004B26DRJNN0OV17. CoC: 101%;
Guarantor(s)
GlaxoSmithKline PLC
Use of Proceeds
To fund pre-demerger dividends

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