Heathrow Funding Ltd (HTHROW)

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Heathrow Funding Ltd (HTHROW)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	INDS	PRCD	HTHROW	Heathrow Funding Ltd	€650		1	EMEA	Jul 5, 2023

Tranche #1Heathrow Funding Ltd

currency

EUR

size (m)

650.000

maturity

Jul 11, 2033

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Secured

moody's

s&p

BBB+

fitch

A-

size description

re-open/tap

ipt

MS+165-170

ipt-pxd

guidance

MS+150 a

spread

148

coupon

4.50%

spread set

price

99.59000

yield

4.552%

book size (m)

1,800

peak book (m)

x-covered

2.77

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

1,800

peak book (m)

x-covered

2.77

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

10 yr: Book size: 1800; Redemption: 2033-07-11; Registration: Reg S Only; Comments: EUR650m 10yr SLB bmk snr sec RegS. NR/BBB+/A-. Actives Barc/BNPP/Lloyds/NatWest(B&D)/RBC, Struc SG. IPTs MS+165/+170, guidance MS+150 area (+/-2 WPIR) for exp 500m, launch MS+148 for 650m. Final books 1.8bn+ (peak 1.95bn+). DBR 2.3% 02/33 + 209.2bps (bid 98.635, HR 94%). FTT 4:25pm. LEI: 7TI96JO3DYEIQWZ7Z726. Reset Date: 2033-07-11. Par Call: 3m. MWC: B+35bps;

Deal Comments

Sustainability-Linked Bond

Use of Proceeds

General Corporate Purposes

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