Motability Operations Group PLC (MOTOPG)

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Motability Operations Group PLC (MOTOPG)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	MOTOPG	Motability Operations Group PLC	-		3	EMEA	Jan 17, 2024

Tranche #1Motability Operations Group PLC

currency

EUR

size (m)

700.000

maturity

Jul 24, 2029

type

Fixed

tenor

5.500

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+125 a

ipt-pxd

guidance

MS+105 a

spread

100

coupon

3.625%

spread set

price

99.93700

yield

3.641%

book size (m)

2,300

peak book (m)

x-covered

3.29

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,300

peak book (m)

x-covered

3.29

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Motability Operations Group PLC

currency

EUR

size (m)

1,000.000

maturity

Jan 24, 2034

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+155 a

ipt-pxd

guidance

MS+135 a

spread

130

coupon

3.875%

spread set

price

99.18000

yield

3.976%

book size (m)

3,200

peak book (m)

x-covered

3.2

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

3,200

peak book (m)

x-covered

3.2

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #3Motability Operations Group PLC

currency

GBP

size (m)

500.000

maturity

Jan 24, 2054

type

Fixed

tenor

30.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

G+125-130

ipt-pxd

guidance

G+110 a

spread

107

coupon

5.625%

spread set

price

99.65500

yield

5.649%

book size (m)

1,400

peak book (m)

x-covered

2.8

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,400

peak book (m)

x-covered

2.8

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5.5 yr: Book size: 2300; Registration: Reg S Only; Comments: EUR700m 5.5yr social bmk snr unsec RegS. A1/A/NR. Barc/HSBC(B&D)/Lloyds(log)/NatWest. IPTs 5.5yr MS+125 area. Guidance MS+105 area for exp 700m, launch 700m at MS+100. Final books 2.3bn+ (peak 2.4bn+). DBR 2.1% 11/2029 B+ 142.3 (bid 99.360, HR 91%). FTT 8am Jan 18. LEI: AZ3NL8JCZDCNUXFWI720. Par Call: 3m. MWC: B+25bps; 10 yr: Book size: 3200; Registration: Reg S Only; Comments: EUR1bn 10yr social bmk snr unsec RegS. A1/A/NR. Barc/HSBC(B&D)/Lloyds(log)/NatWest. IPTs 10yr MS+155 area. Guidance MS+135 area for exp 1bn, launch 1bn at MS+130. Final books 3.2bn+ (peak 3.3bn+). DBR 2.6% 08/2033 B+169.9 (bid 102.740, HR 93%). FTT 8am Jan 18. LEI: AZ3NL8JCZDCNUXFWI720. Par Call: 3m. MWC: B+25bps; 30 yr: Book size: 1400; Registration: Reg S Only; Comments: GBP500m 30yr social bmk snr unsec RegS. A1/A/NR. Barc/HSBC(B&D)/Lloyds(log)/NatWest. IPTs 30yr G+125/+130. Guidance G+110 area for exp 500m, launch 500m at G+107. Final books 1.4bn+ (peak 1.5bn+). UKT 1.625% 10/2054 (mid 51.510, bid 51.490, HR 136%). FTT 8am Jan 18. LEI: AZ3NL8JCZDCNUXFWI720. Par Call: 3m. MWC: G+20bps;

Deal Comments

Social Bond

Guarantor(s)

Motability Operations Ltd

Use of Proceeds

Refinancing

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