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	€500		1	EMEA	Jun 28, 2023

Tranche #1Cadent Finance PLC

currency

EUR

size (m)

500.000

maturity

Jul 5, 2029

type

Fixed

tenor

6.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB+

fitch

A-

size description

re-open/tap

ipt

MS+135-140

ipt-pxd

guidance

MS+125 a

spread

120

coupon

4.25%

spread set

price

99.74000

yield

4.30%

book size (m)

900

peak book (m)

x-covered

1.8

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

900

peak book (m)

x-covered

1.8

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

6 yr: Book size: 900; Registration: Reg S Only; Comments: EUR500m 6yr green bmk snr unsec RegS. Baa1/BBB+/A-. Actives Barc(B&D)/BNPP/CA-CIB/Miz/SMBC. IPTs MS+135/+140 for exp 500m, guidance Ms+125 area (+/-5 WPIR), launch 500m at MS+120. Books 900m+ (peak ~950m). DBR 0.25% 02/29 @ 88.82 / 2.396%, B+190.4. With 0.625% Sep 2024 tender offer. FTT 15:25 pm. MWC: B+30. LEI: 5493005M8TJ0J6IMUF67;

Deal Comments

Green Bond

Guarantor(s)

Cadent Gas Ltd

Use of Proceeds

To finance Eligible Projects

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Cadent Finance PLC (CDTFIN)

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