British Telecommunications PLC (BRITEL)

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British Telecommunications PLC (BRITEL)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COMM	PRCD	BRITEL	British Telecommunications PLC	€850		1	EMEA	Aug 30, 2023

Tranche #1British Telecommunications PLC

currency

EUR

size (m)

850.000

maturity

Jan 6, 2033

type

Fixed

tenor

9.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

BBB

size description

re-open/tap

ipt

MS+155 a

ipt-pxd

guidance

MS+125-130

spread

125

coupon

4.25%

spread set

price

99.04900

yield

4.379%

book size (m)

1,400

peak book (m)

x-covered

1.65

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

1,400

peak book (m)

x-covered

1.65

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

9 yr: Book size: 1400; Registration: Reg S Only; Comments: EUR850m long 9yr Jan 2033 bmk snr unsec RegS. Baa2/BBB/BBB. Miz/NatWest(B&D)/SEB/SMBCNikko/SG. IPTs MS+155 area, guidance MS+125/+130 WPIR for 750m-1bn, launch MS+125 for 850m. Final books 1.4bn+ (peak ~2.2bn). DBR 2.3% 02/33 (@ 98.08) HR 91%, B+184.9. FTT: 4:15pm. Par Call: 3m. MWC: B+30bps. CoC: 100%. LEI: 549300OWFMSO9NYV4H90;

Guarantor(s)

BT Group PLC

Use of Proceeds

General Corporate Purposes

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