RAC Bond Co PLC (RACLN)

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RAC Bond Co PLC (RACLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	RACLN	RAC Bond Co PLC	£250		1	EMEA	Oct 5, 2023

Tranche #1RAC Bond Co PLC

currency

GBP

size (m)

250.000

maturity

Nov 6, 2028

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

ranking

Sr. Secured

moody's

s&p

BBB

fitch

size description

re-open/tap

ipt

8.50-8.75%

ipt-pxd

guidance

8.375% a (+/-12.5%)

spread

390.1

coupon

8.25%

spread set

price

99.98800

yield

8.25%

book size (m)

1,200

peak book (m)

x-covered

4.8

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,200

peak book (m)

x-covered

4.8

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 1200; Registration: Reg S Only; Comments: GBP250m WNG 5yr class A snr sec RegS. NR/BBB/NR. BNPP/HSBC(log)/JPM(B&D)/Santan. IPTs 8.5%/8.75% yield, guidance 8.375% area (+/-0.125%, wpir), launch 8.25%, cpn set at 8.25%. Final books 1.25bn+. UKT 1.625% 10/28, HR 98%, G+390.1. FTT 5pm. Par Call: 3m. MWC: G+50bps. LEI: 2138008FCM2SUNLC7B21;

Guarantor(s)

Rac Bidco Ltd, Rac Ltd, Rac Group Ltd, Rac Financial Services Ltd

Use of Proceeds

Refinancing

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