Permanent TSB Group Holdings PLC (ILOA)

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Permanent TSB Group Holdings PLC (ILOA)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	ILOA	Permanent TSB Group Holdings PLC	€650		1	EMEA	Apr 18, 2023

Tranche #1Permanent TSB Group Holdings PLC

currency

EUR

size (m)

650.000

maturity

Apr 25, 2028

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Senior

moody's

Baa2

s&p

fitch

BB+

re-open/tap

ipt

MS+385 a

ipt-pxd

guidance

MS+350

spread

350

coupon

6.625%

spread set

price

99.61200

yield

6.739%

book size (m)

2,300

peak book (m)

x-covered

3.54

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

3.54

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 2300; Redemption: 2027-04-25; Registration: Reg S Only; Comments: EUR650m 5NC4 bmk MREL snr holdco RegS. Baa2NR//BB+. JLM BofA/GS/MS(B&D)/UBS. Co-mans Cantor/Davy. IPTs MS+385 area (equiv ~7.10%), launch 650m at MS+350 #. Final books 2.3bn+. OBL #185 0% 04/27 +419.1bps (Price: 90.45%) / HR: 97%. Tax Call: Yes. Reset Date: 2027-04-25. Regulatory Call: Yes on MREL Disqualification Event. LEI: 635400DTNHVYGZODKQ93;

Deal Comments

HoldCo Bond

Use of Proceeds

General Corporate Purposes

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