AA Bond Co Ltd (AABOND)

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AA Bond Co Ltd (AABOND)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	AABOND	AA Bond Co Ltd	£400		1	EMEA	Jan 26, 2023

Tranche #1AA Bond Co Ltd

currency

GBP

size (m)

400.000

maturity

Jul 31, 2050

type

Fixed

tenor

28.000

call

registration

Reg S Only

benchmark

ranking

Sr. Secured

moody's

s&p

BBB-

fitch

size description

re-open/tap

ipt

9.00% a

ipt-pxd

guidance

8.625% a

spread

527.4

coupon

8.45%

spread set

price

99.80300

yield

8.50%

book size (m)

2,300

peak book (m)

x-covered

5.75

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,300

peak book (m)

x-covered

5.75

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

28 yr: Book size: 2300; Registration: Reg S Only; Comments: GBP400m bmk 5yr (expected, LFM July 2050) snr sec RegS. NR/BBB-. Barc/JPM/Lloyds(B&D). IPTs 9% area (s/a), guidance 8.625% area, launch 400m at 8.5%. Books 2.3bn+ (pre-rec at guidance). UKT 0.125% due 31 January 2028 / 85.757 (mid) / +527.4bps. With tender for A7 notes. Par Call: 3m. MWC: G+50. LEI: 2138002EPF6QVRZBMC58;

Use of Proceeds

To fund the tender offer

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