Scottish Hydro Electric Transmission PLC (SSELN)

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Scottish Hydro Electric Transmission PLC (SSELN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	SSELN	Scottish Hydro Electric Transmission PLC	£500		1	EMEA	Jan 8, 2024

Tranche #1Scottish Hydro Electric Transmission PLC

currency

GBP

size (m)

500.000

maturity

Jan 15, 2044

type

Fixed

tenor

20.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB+

fitch

size description

re-open/tap

ipt

G+140 a

ipt-pxd

guidance

G+120 a

spread

115

coupon

5.50%

spread set

price

98.75100

yield

5.605%

book size (m)

1,750

peak book (m)

x-covered

3.5

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

1,750

peak book (m)

x-covered

3.5

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

20 yr: Book size: 1750; Registration: Reg S Only; Comments: GBP500m 20yr green bmk snr unsec RegS. Baa1/BBB+/NR. BofA/Lloyds(B&D)/MUFG/RBC/Santan. IPTs UKT 3.25% 01/44 (mid) +140 area, guidance UKT+120 area for max 500m, launch 500m at UKT+115. Final books 1.75bn+ (peak 2.1bn+). HR 101% vs. UKT 3.25% Jan 2044. FTT 4:20pm. Par Call: 3m. MWC: G+20. Regulatory Call: Yes. LEI: 549300ECJZDA7203MK64;

Deal Comments

Green Bond

Use of Proceeds

To refinance and finance Eligible Green Projects

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