Manchester Airport Group Funding PLC (MAGAIR)

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Manchester Airport Group Funding PLC (MAGAIR)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	INDS	PRCD	MAGAIR	Manchester Airport Group Funding PLC	£360		1	EMEA	Sep 13, 2023

Tranche #1Manchester Airport Group Funding PLC

currency

GBP

size (m)

360.000

maturity

Sep 30, 2041

type

Fixed

tenor

18.000

call

registration

Reg S Only

benchmark

ranking

Sr. Secured

moody's

Baa1

s&p

fitch

BBB+

size description

re-open/tap

ipt

G+175 a

ipt-pxd

guidance

G+160 a

spread

155

coupon

6.125%

spread set

price

99.54400

yield

6.167%

book size (m)

1,100

peak book (m)

x-covered

3.06

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,100

peak book (m)

x-covered

3.06

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

18 yr: Book size: 1100; First Pay: 2024-03-31; Registration: Reg S Only; Comments: GBP360m 18yr bmk snr sec RegS. Baa1/NR/BBB+. Barc(B&D)/BNPP(log)/SMBC. IPTs UKT 1.25% 10/2041 +175 area, guidance UKT+160 area for 360m, launch UKT+155. Final books ~1.1bn incl 100m JLM (peak 1.35bn+). UKT 1.25% Oct 2041 @ 58.988 mid, 58.938 bid (HR 120%). FTT 3:30pm. Par Call: 3m. MWC: G+25bps. LEI: 2138006NA5VAMMBK3892;

Use of Proceeds

General Corporate Purposes

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Manchester Airport Group Funding PLC (MAGAIR)

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