WPP Finance SA (WPPLN)

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WPP Finance SA (WPPLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COMM	PRCD	WPPLN	WPP Finance SA	€750		1	EMEA	May 22, 2023

Tranche #1WPP Finance SA

currency

EUR

size (m)

750.000

maturity

May 30, 2028

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+140 a

ipt-pxd

guidance

MS+120 a

spread

110

coupon

4.125%

spread set

price

99.45600

yield

4.248%

book size (m)

4,000

peak book (m)

x-covered

5.33

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

4,000

peak book (m)

x-covered

5.33

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 4000; Registration: Reg S Only; Comments: EUR750m 5yr bmk snr unsec RegS. Baa2/BBB. Barc/Citi/GS(B&D)/JPM/WFS. IPTs MS+140 area, guidance MS+120 area for 750m, launch MS+110. Books 4bn+ at guidance, pre-rec. OBL 2.2% 04/2028 (@98.93), HR 97%, B+181.6. FTT: 3:50pm. LEI: 549300KWN0W6L03WNN80. Par Call: 1m. MWC: B+30. CoC: 100%;

Guarantor(s)

WPP PLC, WPP 2005 Ltd, WPP Jubilee Ltd

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