Cadent Finance PLC (CDTFIN)

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Cadent Finance PLC (CDTFIN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	CDTFIN	Cadent Finance PLC	€300		1	EMEA	Mar 7, 2023

Tranche #1Cadent Finance PLC

currency

EUR

size (m)

300.000

maturity

Mar 14, 2034

type

Fixed

tenor

11.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB+

fitch

A-

size description

re-open/tap

ipt

G+195-200

ipt-pxd

guidance

spread

178

coupon

5.75%

spread set

price

99.88200

yield

5.765%

book size (m)

1,000

peak book (m)

x-covered

3.33

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,000

peak book (m)

x-covered

3.33

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

11 yr: Book size: 1000; Registration: Reg S Only; Comments: EUR300m WNG 11yr debut green snr unsec RegS. Baa1/BBB+/A-. Lloyds(log/B&D)/MS/RBC(struc). IPTs UKT 4.5% Sep 2034 +195/+200, launch UKT +178. Books 1bn+. UKT 4.500% due 07 September 2034 @105.48 mid / 105.435 bid / HR 86%. MWC: B+30bps. LEI: 5493005M8TJ0J6IMUF67;

Deal Comments

Green Bond

Guarantor(s)

Cadent Gas Ltd

Use of Proceeds

Refinancing

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