Intercontinental Hotels Group PLC (IHG) (IHGLN)

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Intercontinental Hotels Group PLC (IHG) (IHGLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	IHGLN	Intercontinental Hotels Group PLC (IHG)	€600		1	EMEA	Nov 21, 2023

Tranche #1Intercontinental Hotels Group PLC (IHG)

currency

EUR

size (m)

600.000

maturity

Nov 28, 2029

type

Fixed

tenor

6.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+170 a

ipt-pxd

guidance

MS+145 a

spread

138

coupon

4.375%

spread set

price

99.90200

yield

4.394%

book size (m)

2,800

peak book (m)

x-covered

4.67

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,800

peak book (m)

x-covered

4.67

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

6 yr: Book size: 2800; Registration: Reg S Only; Comments: EUR600m 6yr bmk snr unsec RegS. Baa2/BBB/NR. Barc(B&D)/BofA/MUFG/WFS(log). IPTs MS+170 area, guidance MS+145 area, launch 600m at MS+138. Final books 2.8bn+ (peak 3.1bn+). DBR 2.1% due 15 November 2029 + 190.6bps (px 97.866% / HR 95%). FTT 4:10pm. LEI: 2138007ZFQYRUSLU3J98. Tax Call: Yes. Par Call: 3m. MWC: B+30bps. CoC: Put;

Guarantor(s)

Six Continents Ltd, Intercontinental Hotels Ltd

Use of Proceeds

Refinancing and general corporate purposes

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Intercontinental Hotels Group PLC (IHG) (IHGLN)

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