London Power Networks PLC (UKPONE)

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London Power Networks PLC (UKPONE)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	CONS	PRCD	UKPONE	London Power Networks PLC	£300		1	EMEA	Nov 8, 2023

Tranche #1London Power Networks PLC

currency

GBP

size (m)

300.000

maturity

Nov 15, 2040

type

Fixed

tenor

17.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

re-open/tap

ipt

G+145 a

ipt-pxd

guidance

spread

125

coupon

5.875%

spread set

price

98.88900

yield

5.894%

book size (m)

2,050

peak book (m)

x-covered

6.83

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,050

peak book (m)

x-covered

6.83

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

17 yr: Book size: 2050; Registration: Reg S Only; Comments: GBP300m WNG 17yr snr unsec green RegS. A3/A-. MUFG/NatWest/RBC(B&D/DM)/SG. IPTs G+145 area vs 4.25% c12/40, launch G+125 for 300m. Final books 2.05bn+. UKT 4.250% 07 Dec 2040 @ 95.381 (Mid) / 95.294 (Bid) / HR 94%. FTT 2:30pm. Regulatory Call: Restructuring Event Noteholder Put. Par Call: 3m. LEI: 213800JDI3GTKPG4XI38. Tax Call: No. PP: No. Xd: No;

Deal Comments

Green Bond

Use of Proceeds

Refinancing of Eligible Green Projects

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