Arqiva Financing PLC (ARQIVA)

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Arqiva Financing PLC (ARQIVA)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COMM	PRCD	ARQIVA	Arqiva Financing PLC	£250		1	EMEA	Jun 27, 2023

Tranche #1Arqiva Financing PLC

currency

GBP

size (m)

250.000

maturity

Jun 30, 2045

type

Fixed

tenor

22.000

call

registration

Reg S Only

benchmark

ranking

Sr. Secured

moody's

s&p

BBB+

fitch

BBB

size description

re-open/tap

ipt

G+275 a

ipt-pxd

guidance

G+255 a

spread

250

coupon

7.21%

spread set

price

99.96400

yield

7.219%

book size (m)

775

peak book (m)

x-covered

3.1

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

775

peak book (m)

x-covered

3.1

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

22 yr: Book size: 775; Registration: Reg S Only; Comments: GBP250m WNG 22yr snr sec RegS. NR/BBB+/BBB. Actives HSBC(B&D)/Lloyds(log), passive Santan. IPTs UKT 0.125% due Jan 2028 +275 area, guidance UKT +255 area, launch UKT +250. Books closed 775m+ at reoffer (peak 850m+). UKT 0.125% due 31 January 2028 [ISIN: GB00BMBL1G81] | Price 81.234 (Mid) / 81.229 (Bid) | 4.719% Yield (Semi). FTT 3:35pm. MWC: G+40bps. LEI: 213800HHECW72RW2QH41;

Deal Comments

Active Bookrunners: HSB(B&D), LLY. Passive Bookrunner: SNT

Use of Proceeds

Refinancing and general corporate purposes

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